Glass Insurance
This information document only specifies the main aspects of the insurance, such as what is included and what is not. It is not an exhaustive list or a personal overview of the insurance that customers choose. The information document has no legal significance and is intended solely to inform customers about the main aspects of the insurance. The insurance summary and detailed information on the applicable contract terms are available on the insurance policy, which can be accessed on Vörður’s My Pages. The terms and conditions of the insurance contain comprehensive information about the insurance coverage and are a part of the agreement between the parties together with the insurance certificate.
What kind of insurance is Glass Insurance?
Glass insurance covers damage to ordinary, flat window glass in a property if it breaks. It must be specifically stated if sandblasted and/or decorative glass, glass signs with lighting, or glass in advertising displays and service counters are to be insured. The glass insurance is only valid once the glass has been installed in its final position. However, the glass installation insurance applies during storage or installation of glass.
What Is Covered?
Cracks in glass along with installation cost.
Costs for installing temporary covers following loss or damage.
Loss or damage to glass during storage or installation.
What Is Not Covered?
When glass chips or scratches without breaking.
Loss or damage caused when joins on double or triple panes are not tight.
Loss or damage caused by exterior changes, e.g. colour variations on panes being replaced.
Loss or damage due to fire, lightning, or other risk, legally covered by property fire insurance.
Loss or damage that can be traced to war, riots, strike actions, or other comparable events. The same applies to loss or damage caused by nuclear energy, volcanic eruptions, earthquakes, avalanches, and other natural disasters.
Are There Any Restrictions or Precautionary Rules?
The insured must follow Vörður’s precautionary rules.
Those handling the installation of the glass must have sufficient knowledge to do so.
Where Is The Insurance Valid?
The insurance is only valid on the location stated in the insurance policy certificate.
What Are The Insured's Obligations?
Provide all necessary information, whether at renewal or when making changes to the insurance.
When damage has occurred, or when events take place that could cause damage, the insured must notify Vörður without delay, and also inform the police if unlawful activity is involved.
When and how is the insurance paid for?
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 does insurance coverage begin and how does it end?
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.
How is the insurance terminated?
The insurance can be terminated at any time during the insurance period.