• Your spouse or cohabiting partner and your unmarried children, provided you share a registered legal residence in the country, live at the same address, and maintain a joint household.
• Your children and those of your spouse or cohabiting partner who are under 18 years old and have a registered domicile in Iceland at a different address. Note that children with a registered domicile elsewhere are only covered if they are not included in a family or home insurance policy at their registered domicile.
• Your spouse who has a registered legal residence elsewhere in the country. However, this does not apply if you are legally separated.

Among the factors influencing the price of the insurance is the amount you choose as your household contents value—that is, the amount for which you insure your belongings.

The price of the insurance increases if you choose to add comprehensive contents insurance or leisure accident insurance to Family Protection 1, or travel insurance to Family Protection 2 or 3.

Customers in our loyalty program, Stofn, receive a discount on premiums, and claim-free and prompt-paying customers in Stofn are also eligible for a refund on their premium.

Household contents include everything you take with you when you move, such as furniture, clothing, dishware, and decorative items. It does not include things left behind, such as flooring and built-in fixtures.

It is important to correctly estimate the value of your household contents so that any compensation paid in the case of damage matches the actual value of your belongings.

Household contents typically consist of items purchased over time, making it easy to underestimate their total value. However, it is essential to estimate the value correctly, as in the event of significant damage, you may have to replace everything at once.

The best approach is to go through your home room by room and add up the cost of the items in each space. This helps reduce the risk of underestimating the value of your belongings.

Yes, it is necessary to do so regularly.

Over time, we tend to acquire more and more valuable items—for example, when the household grows, when we move to a larger home, or when we receive expensive gifts. Later in life, when downsizing, it may also be necessary to reassess the value.

If you want to change the insured value of your household contents under your Family Protection policy, please contact us by phone at 440 2000, via live chat, or by email at sjova@sjova.is.

Valuable items should always be insured separately. This applies to expensive recreational equipment such as bicycles, golf equipment, and cameras, as well as valuable paintings and jewelry.

This is because Family Protection only covers some items up to a certain limit. For example, watches and jewelry are covered up to a maximum of 5% of the total insured household contents value. The maximum compensation for burglary and vandalism in storage units outside the home, garages, or vehicles is also 5% of the insured contents value.

If you own valuable items that are permanently stored outside your home, they must also be insured separately.

Items such as paintings, computers, cameras, audio equipment, and televisions are not covered for burglary or vandalism if stored in storage units, garages, or vehicles.

You can always contact us to insure these items by calling 440 2000, reaching out via live chat, or emailing sjova@sjova.is.

Leisure Accident Insurance is included in Family Protection 2 and 3 and can be added to Family Protection 1.

Leisure Accident Insurance is a comprehensive policy that provides compensation for accidents that occur during leisure time, household tasks, studying, or general sports activities for those covered by the insurance.

However, it is important to be aware of the exclusions in the policy. For example, accidents occurring to individuals aged 16 and older during competitions or while training for elite sports competitions are not cover
ed by leisure-time accident insurance.

Additionally, higher-risk activities are also excluded, such as motorsports, mountain, rock, and ice climbing, rappelling, kayaking, diving, skydiving, and bungee jumping, among others.

More details on exclusions can be found in the policy terms.

It is possible to purchase additional coverage for these activities through Accident Insurance or Sickness and Accident Insurance, the latter being especially suitable for those who are self-employed.

Family Protection 2 meets the needs of most people and is the most common home insurance plan among our customers, whether they have a large or small household.

If you are just starting out on your own or downsizing, Family Protection 1 may be a good fit, as it includes less coverage than Family Protection 2—for example, it does not include Leisure accident insurance or travel insurance, though these can be added.

Family Protection 3 offers more extensive coverage than Family Protection 2, including broader liability insurance, higher compensation limits, and lower deductibles.