Damage to a summer house can be costly, as it often holds significant value, and losses can be greater when long periods pass between visits.
With summer house insurance, you protect the house itself and its contents against the most common types of damage.
Summer house insurance is a combination of nine insurance policies and it covers the main damage suffered by summer houses and their contents. The insurance is taken out in addition to the building fire insurance, which is mandatory.
What is covered? | What is not covered? |
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Fire insurance covers damage due to: | Fire insurance does not cover: |
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Burglary insurance covers: | Burglary insurance does not cover: |
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Breakage and collapse insurance covers: | Breakage and collapse insurance does not cover: |
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Water damage insurance covers: | Water damage insurance does not cover: |
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Storm insurance covers: | Downpour and meltwater insurance does not cover: |
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Frost crack insurance covers: | Storm insurance does not cover: |
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Glass insurance covers: | Frost crack insurance does not cover: |
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Homeowner‘s liability insurance covers: | Glass insurance does not cover: |
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Homeowner‘s 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.
The insurance is valid in 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.
Corporate distribution, where the premium can be paid in monthly payments.
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.