If you want to have good household contents insurance and accident insurance for leisure time, Family Protection 2 is our most popular home insurance, as it suits the needs of most people.
Family Protection 2 consists of seven types of insurance, including household contents insurance, comprehensive household contents insurance, third-party liability insurance, and accident insurance for leisure time.
Family Protection 2 is a combined insurance plan for your family and the contents of your home. It includes home contents insurance, liability insurance, comprehensive contents insurance, leisure time accident insurance, hospitalization insurance, credit card insurance, and legal assistance insurance. Travel insurance is optional in Family Protection 2.
What is covered? | What is not covered? |
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Home contents insurance covers damages: | Home contents insurance does not cover damages: |
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Liability insurance covers: | Liability insurance does not cover: |
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Comprehensive contents insurance covers damages: | Comprehensive contents insurance does not cover damage: |
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Leisure accident insurance covers costs from: | Leisure accident insurance does not cover costs from: |
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Hospitalization insurance covers: | Hospitalization insurance does not cover: |
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Credit card insurance covers damages: | Credit card insurance does not cover damages: |
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Legal expenses insurance covers legal expenses: | Legal expenses insurance does not cover legal expenses: |
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Travel insurance (optional insurance) covers: | Travel insurance does not cover: |
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The insurance policy does not cover damages caused by natural disasters or damages caused by war, terrorism, pollution, or other similar events.
Home contents insurance is valid in your home which is listed on the insurance policy..
Liability insurance is valid in Iceland and while traveling abroad for up to three months.
Leisure accident insurance and hospitalization insurance are valid anywhere in the world.
Credit card insurance is valid in Iceland and while traveling abroad.
Legal expenses insurance is valid in the Nordic countries and while traveling outside the Nordics when the dispute concerns the insured party as a tourist.
Travel insurance is valid while traveling abroad for up to 92 days from the start of the trip until you return to Iceland.
You must report damages as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information on the insurance policy is accurate.
You must inform us of any changes to your home address, phone number, and email address.
You are required to follow the precautions in the insurance policy terms, such as making sure that doors, windows, and other openings into the insured area are securely locked and the keys stored in such a way that unauthorized individuals can not access them.
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
Individuals and companies with fewer than five full-time positions may cancel their insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.