Homeowner Insurance for Residential Houses
Extensive and comprehensive protection for the property that covers unexpected disasters and accidents, such as leaks, storms, and burglaries.
Our customers get discounts on various security products
We are here whenever you need insurance.
Extensive and comprehensive protection for the property that covers unexpected disasters and accidents, such as leaks, storms, and burglaries.
Insurance can be complicated. To make things easier to understand, we have compiled all the key information about the insurance in an information document that can be viewed with the terms and conditions.
Mandatory insurance that compensates for loss or damage to property due to fire.
Extensive and comprehensive protection for those who are constructing a house and have appointed a building manager and/or responsible contractors to oversee the construction work.
An important safety net in case of accidents or illness or as a security fund for those left behind if we pass away.
Homeowner insurance is for all property owners.
Homeowner insurance provides extensive and comprehensive protection for the property and compensates for damage, e.g. due to water, fog, burglary, cloudbursts, or thawing. A detailed list of what is covered and what is not covered can be found in the insurance's information document.
Yes, it is possible that your housing association has a homeowner insurance. We encourage you to look into it at your earliest convenience.
When you sell a property, the principle is that your homeowner insurance lapses at the same time as your fire insurance. Homeowner insurance never automatically transfers between properties when moving. It is therefore important to contact us when you have bought a new property and get an offer for homeowner insurance, if there is no insurance in place with the housing association.
No, the tenant does not need to have this insurance. Only the owner of the property.
Sudden or unexpected leaks from water pipes, heating systems, or drainage pipes.
Loss or damage caused by sudden water leaks from domestic appliances, such as refrigerators or sanitary appliances, due to mistakes or malfunction.
Loss or damage if surface water caused by sudden downpours or thawing becomes so great in volume that drainage pipes cannot accommodate it.
Loss or damage to the insured property due to forced entry or attempted forced entry.
Loss or damage to glass during installation.
Loss or damage that occurs due to sudden soot fall from fireplaces or recognised heating equipment.
Loss or damage caused by sudden heavy snow that has overburdened the roof or walls of a property.
Damages to real estate that can be directly linked to storms or heavy winds exceeding 28.5m/s.
Rent, should the property of the insured be damaged by compensable insurance event.
Breakage of stove top.
Breakages of permanently connected domestic appliances that can be traced to sudden and unexpected outside events.
Loss or damage caused by external water from roofs, balconies, or drainage pipes.
Loss or damage caused by basic utilities that have sagged to different degrees, are friable, or have in any other manner degenerated due to use or insufficient underlay.
Loss or damage caused by subsidence of the foundation of the property, e.g. due to flushing of soil.
Loss or damage to antennas, flagpoles, fences, and vegetation.
Loss or damage to glass that scratches or chips.
Loss or damage to glass caused by fogging between panes.
Loss or damage to glass due to expansion, torque, or insufficient maintenance of frames or beading.
Loss or damage that is compensable from the property's fire insurance.
Loss or damage that the family of the houseowner suffers.
Loss or damage that occurs because of the houseowner’s occupation, whether in the insured’s own business enterprise or work in the employment of another party.
Loss or damage to items that the insured has on loan or in storage.
Loss or damage caused by a fire, water for firefighting, smoke, soot, or explosion.
Compensates the homeowner for legal costs incurred in civil proceedings regarding the property. A pre-condition is that the insured seeks legal assistance. Refer to the terms and conditions for restrictions.
Cases related to divorce or legal separation.
Cases concerning child custody or visitation rights.
Cases in connection with the insured’s occupation or performance in an official capacity.
Cases where the insured becomes liable for another person.
Compensation for liability that can fall on the insured because of the property according to Icelandic law or legislation.
Loss or damage that the family of the houseowner suffers.
Loss or damage that occurs because of the houseowner’s occupation, whether in the insured’s own business enterprise or work in the employment of another party.
Loss or damage to items that the insured has on loan or in storage.
Loss or damage caused by a fire, water for firefighting, smoke, soot, or explosion.