Are There Any Restrictions or Precautionary Rules? - Machinery Insurance

Are there any restrictions or precautionary rules?

Where is the insurance valid?  - Machinery Insurance

The insurance is only valid in Iceland, unless otherwise stated.

Where is the insurance valid? 

What are the insured's obligations? - Machinery Insurance

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

An insurance that consists of comprehensive vehicle insurance, liability insurance, and fire insurance. It covers loss or damage to the machinery and its standard components, such as rock guards and standard guarding equipment. It also ensures the employer against liability that they may be subject to due to the use of the machinery. 

Covers loss or damage to the machinery and its standard components.

What Is Covered?

What Is Not Covered?

Comprehensive Insurance  

Liability Insurance

Liability Insurance While Driving

Fire Insurance 

Machinery Insurance 

Property 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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Through active prevention efforts, we minimize the likelihood of accidents. When setbacks occur, we stand firmly behind our customers and compensate for their losses.

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Vörður board of insurances

Vörður board of life insurances

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Board and organization chart

Here you will find claims reports in PDF format for all types of damage.

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Vörður aims to offer customers appropriate insurance coverage at competitive prices. The company emphasizes simple and convenient insurance transactions and personal service.

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The key to the successful operation of Vörður is the people who work there. We emphasize job satisfaction, equality, a good working environment, targeted education and training of employees, and a fun workplace where every individual has an impact and makes a difference.

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Vörður's corporate services assist in assessing insurance needs and find the most cost-effective insurance solution that is tailored to your interests.

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Sustainability report

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Terms

About Vörður

We focus on simple and convenient insurance services with customer satisfaction as our guiding principle, and when setbacks occur, we stand with our customers.

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