Family Insurance 1 is a household insurance policy, suitable for people looking for simple and inexpensive coverage. It offers good, basic insurance for your household possessions plus liability insurance, for people who do not need the most comprehensive insurance coverage, accident insurance for leisure activities or travel insurance.
Our household possessions are often of more value that we realise, and most people need some insurance if they suffer losses, for instance, due to fire or a burglary. Family Insurance 1 is composed of two insurances, household contents insurance and liability insurance. Additional coverage can be added with comprehensive household contents insurance and accident insurance in leisure time.
The policy holder, his or her spouse or cohabiting partner and their unmarried children are all insured, as long as they have the same legal domicile in Iceland, live at that address and are all members of the same household.
Family Insurance 1 may suit persons of seventy years of age and older, and those who want insurance on their household goods and liability insurance but not the most comprehensive coverage, such as accident insurance for leisure or travel insurance.
Pays compensation for damage to household moveable goods. To put it simply, household contents include those items in your home that you take with you when you change your residence, such as furniture and clothing, but not things you would leave behind, such as floor coverings or built-in cabinets.
This is not a full list of what is covered. Please familiarize yourself with the insurance policy.
This is not a full list. Please familiarize yourself with the insurance policy.
Liability insurance pays for damages to other parties for which the insured are considered responsible under Icelandic law.
If you want to add additional coverage to Family Insurance 1, you can also include accident insurance for leisure activities or comprehensive household contents insurance.* If you want both leisure accident and comprehensive household contents insurance, we recommend Family Insurance 2.
*Adding onto your insurance will change the final price.
Pays compensation for accidents during leisure time, while doing domestic work, during studies or general sports activities.
Provides more extensive coverage of household contents than general household contents insurance. The coverage includes those items covered by household contents insurance, such as phones, computers or furniture.
The premium for Family Insurance depends on how high the coverage is you choose, and whether you decide to add comprehensive household contents insurance or leisure time accident insurance. Our consultants will provide you with all the information on the premium and the amount of the deductible.
Customers in Sjóvá's Stofn loyalty programme receive a discount on their premium and customers who have not submitted claims and make their payments on time also receive a Stofn Rebate on their premium.
Family protection is for your household possessions, but if you need to insure your property itself, we have the Mandatory fire insurance and the Real estate insurance
