Are there any restrictions or precautionary rules? - Agricultural Insurance

Are There Any Restrictions or Precautionary Rules? 

Where Is The Insurance Valid? - Agricultural Insurance

The insurance only applies at the location specified on the insurance certificate or renewal receipt. 
The liability insurance applies within Iceland.

Where Is The Insurance Valid?

What are the insured's obligations? - Changes and damage event

What are the insured's obligations?

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

Agricultural insurance is intended for farmers who practice traditional farming, such as sheep and cattle farming. Specialised farming must be insured separately, for example, fur, wool, poultry, horticulture and pig farming. 

Covers damage to livestock and equipment, includes liability insurance and optional business interruption insurance

What Is Covered?

What Is Not Covered?

Property Insurance  

Farmers’ Liability Insurance 

Rekstrarstöðvunartrygging er ætluð atvinnurekendum og fyrirtækjum. Hún er viðbót við lausafjártryggingu og bætir rekstrartjón sem getur orðið vegna samdráttar í vörusölu eða þjónustu í kjölfar tjóns sem bótaskylt er úr lausafjártryggingunni.

Bætir rekstrartjón sem getur orðið vegna samdráttar í vörusölu eða þjónustu í kjölfar tjóns.

Farmers’ Business Interruption 

Agricultural Insurance 

Property Insurance

Terms and Conditions

Agricultural Insurance

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

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