Limited collision insurance for vehicles may, for example, be suitable for tractors used in agricultural work.
It covers, among other things, damage caused by the rollover of tractors in agriculture and the agricultural equipment permanently attached to them.
Limited Collision Insurance is a combined vehicle insurance that includes fire insurance, windshield insurance, theft insurance, and rollover and fall insurance.
What is covered? | What is not covered? |
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| The insurance pays benefits: | The insurance does not cover damages: |
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The insurance does not cover damages caused by a driving in a race, unless otherwise agreed upon.
The insurance is valid in Iceland, unless otherwise specifically agreed upon.
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, e.g. making sure the vehicle is locked when not in use and the keys or other opening mechanisms are stored in a safe place.
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.
