Summer House Insurance
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.
Frequently Asked Questions
Information regarding the insurance
What type of insurance is this?
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? |
|---|---|
| Fire insurance covers damage due to: | Fire insurance does not cover: |
Fire and explosions. | Damage due to scorching or melting which is not considered a fire. |
Sudden soot accumulation from the building‘s heating appliances. | Damage to electrical appliances due to short circuits. |
| Burglary insurance covers: | Burglary insurance does not cover: |
Damage to the house due to burglary. | Damage to contents stored outside. |
Theft and damage to contents due to a burglary. | Damage due to theft committed by any of the insured. |
| Breakage and collapse insurance covers: | Breakage and collapse insurance does not cover: |
Damage to house contents if they suddenly and unexpectedly fall down and break. | Scratches and other damage not considered breakage. |
Damage to permanently connected sanitary appliances due to a sudden external event. | Chipped tabletops. |
| Water damage insurance covers: | Water damage insurance does not cover: |
Damage due to surface water flooding the house following a sudden downpour or thaw. | Damage from water outside the walls of the building (see downpour and meltwater Insurance, though). |
Damage due to mold or fungal growth. | |
| Storm insurance covers: | Downpour and meltwater insurance does not cover: |
Damage due to a violent storm when the wind speed reaches 28,5 meters per second. | Damage due to water coming from balconies, gutters or their drainage systems. |
| Frost crack insurance covers: | Storm insurance does not cover: |
Damage to the building‘s water pipes due to frost cracks if the building‘s heating system suddenly fails. | Damage to loose items outside the house. |
Damage due to a sandstorm. | |
| Glass insurance covers: | Frost crack insurance does not cover: |
Damage to regular window glass in the house, if it breaks. | Damage to snow melting systems. |
| Homeowner‘s liability insurance covers: | Glass insurance does not cover: |
Damage the homeowner is liable for according to the law, for example if a guest is injured due to inadequate finishing or incomplete construction. | Broken windows that have not been installed and placed in their permanent location. |
Scratched or chipped glass. | |
Damage due to steam between glass panes. | |
| Homeowner‘s insurance does not cover: | |
Damage to items the owner of a summer house has borrowed or rented or are in his care for other reasons. |
Any limitations on what the insurance covers?
The insurance policy does not cover damages caused by natural disasters or damages caused by war, terrorism, pollution, or other similar events.
Where is the insurance valid?
The insurance is valid in Iceland.
What responsibilities do I have?
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.
When and how do I pay the premium?
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.
When does the insurance start and when does it end?
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
How do I cancel the insurance?
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.