Fire Insurance for Vehicles
Fire Insurance for Vehicles may be suitable for classic cars, motorhomes, or other vehicles that are stored for most of the year and used infrequently.
Fire Insurance covers the vehicle for damage caused by fire incidents, such as burning, explosions resulting from fire, or lightning, whether the vehicle is in storage or in use.
Information regarding the insurance
What type of insurance is this?
Fire insurance for vehicles covers damage to vehicles caused by fire.
What is covered? | What is not covered? |
|---|---|
| The insurance covers damage caused by: | The insurance does not cover: |
Fire. | Traffic accidents. |
Explosions caused by fire. | Vandalism. |
Lightning. | Storms. |
Any limitations on what the insurance covers?
The insurance does not cover damages from any other causes than fire, explosion or lightning.
Where is the insurance valid?
The insurance is valid in Iceland. If it is an annual insurance it is also valid while traveling within Europe and during necessary transit between countries.
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.