Are There Any Restrictions or Precautionary Rules? - Liability Insurance for Carriers and Transport Operators

Are there any restrictions or precautionary rules? 

What are the insured's obligations? - Liability Insurance for Carriers and Transport Operators

What are the insured's obligations?

Where is the insurance valid?  - Icelandic territorial waters

The insurance is valid only within Icelandic territorial waters.

Where is the insurance valid? 

When and how is the insurance paid for? - General

The insurance premium must be paid on the due date. Upon renewal, the annual premium is adjusted in accordance with changes in the index from the base index of the agreement. Vörður sends payment claims monthly to online banking services, or annually if the policyholder prefers to pay the premium in a single installment. 

It is possible to change the payment method via Vörður's online service, “My Pages.” There, policyholders can also choose to pay premiums using a credit card. 

When and how is the insurance paid for?

When does insurance coverage begin and how does it end? - General

Insurance contracts are generally valid for 12 months from the date of acceptance of the offer and issuance of the insurance, and premiums are based on the annual premium. If the insurance is not terminated within that period, it is automatically extended. 

When does insurance coverage begin and how does it end?

How is the insurance terminated? - General 

The insurance can be terminated at any time during the insurance period. 

How is the insurance terminated?

Information Document

This liability insurance is intended to cover companies engaged in passenger transport by ships against liability for damages that may be imposed on them in accordance with the provisions of maritime law.

Insures companies engaged in passenger transport by ships against liability for damages that may be imposed on them.

What Is Covered?

Tryggir fyrirtæki sem sinna farþegaflutningum með skipum fyrir skaðabótaábyrgð sem á þau kunna að falla.

What Is Not Covered?

Liability Insurance for Carriers and Transport Operators

Liability Insurance

Terms and Conditions

Vörður operates according to the various policies and rules that can be found here on the website.

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