Home Protection 1 is a simple and secure home contents and liability insurance in one package. It is well suited for individuals who are just starting out, are childless and do not need accident or travel insurance. It covers damage to household contents and other personal belongings. Home Protection 1 also includes liability insurance. 

The insurance covers the policyholder, their spouse/cohabiting partner and unmarried children. These individuals must have a shared legal residence in Iceland, live at the same address, and maintain a joint household. 

Household items are items that are part of a general household and are not considered part of the property or its general accessories. Items that you would normally take with you when moving are considered household items. However, we recommend that expensive items, such as works of art, jewelry, expensive bicycles, special hobby equipment and other items that require special inspection and may even require separate insurance. Compensation for damage to such items is subject to rules on maximum compensation, which means that the compensation may be lower than the actual value of the items. 

There is no travel insurance included in Home Protection 1, but you can add such insurance to Home Protection 2, 3 and 4. You may also have travel insurance through your credit card. 

The property owner is responsible for insuring the property itself, but you need to take care of insuring yourself and your household contents. It is therefore sensible for everyone to have Home Protection, including those who rent.