If you want the most comprehensive family and home insurance we offer, Family Protection 3 might be the right choice for you.
Family Protection 3 consists of nine coverages, including home contents insurance, home contents collision insurance, third-party liability insurance, and leisure-time accident insurance. It is more extensive than Family Protection 2, as the liability insurance covers more types of damages, the maximum compensation is higher, and the deductibles are lower.
Family Protection 3 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 equipment insurance, leisure time accident insurance, hospitalization insurance, credit card insurance and legal assistance insurance. Travel insurance is an optional insurance in Family Protection 3.
What is covered? | What is not covered? |
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Home contents insurance covers damage: | Home contents insurance does not cover damage: |
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Liability insurance covers: | Liability insurance does not cover: |
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Comprehensive contents insurance covers: | Comprehensive contents insurance does not cover: |
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Leisure equipment insurance covers damage: | Leisure equipment insurance does not cover: |
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Leisure time accident insurance covers costs of: | Leisure time accident insurance does not cover: |
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Hospitalisation insurance covers: | Hospitalisation insurance does not cover: |
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Credit card insurances 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 expenses: |
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Pet death benefits are paid if: | Pet death benefits are not paid for: |
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Crisis counseling insurance covers cost of: | Crisis counseling insurance does not cover cost of: |
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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 travelling abroad for up to three months.
Leisure accident insurance and hospitalisation insurance are valid anywhere in the world.
Credit card insurance is valid in Iceland and while travelling abroad.
Legal expenses insurance is valid in the Nordic countries and while travelling outside the Nordics when the dispute concerns the insured party as a tourist.
Leisure equipment insurance and pet death benefits are valid in Iceland.
Travel insurance is valid while travelling abroad for up to 92 days from the start of the trip until you return to Iceland.
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
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 can cancel the 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.