Are There Any Restrictions or Precautionary Rules? - Machinery and Electronic Equipment Insurance

Are There Any Restrictions or Precautionary Rules? 

Where is the insurance valid? - Machinery and Electronic Equipment Insurance

The insurance covers the insured items while they are at the insured location specified on the insurance certificate.

Where is the insurance valid? 

What are the insured's obligations? - Machinery and Electronic Equipment Insurance

What Are the Insured's Obligations?

When and How Is The Insurance Paid For? - Machinery and Electronic Equipment Insurance

Premiums must be paid on the due date. Vörður sends payment requests monthly to online banking, or annually if the customer prefers to pay the full premium in one installment. Payment methods can be changed on Vörður’s “My Pages.” Premiums can also be paid by credit card. Premiums are a statutory lien on the insured property and take priority for two years over all other claims on the property, except government taxes.

When and How Is The Insurance Paid For?

When Does the Insurance Coverage Begin and How Does It End? - Machinery and Electronic Equipment Insurance

Insurance contracts generally apply for 12 months from acceptance of the offer and issuance of the policy, and premiums are based on an annual rate. If the insurance is not cancelled during this term, it is automatically renewed.

When Does the Insurance Coverage Begin and How Does It End?

How is the Insurance Terminated? - Machinery and Electronic Equipment Insurance

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

How is the Insurance Terminated?

Information Document

Covers sudden, unexpected, and visible loss or damage to an insured electronic equipment. 

What Is Covered?

The insurance policy will compensate 

The insurance policy does not compensate 

What Is Not Covered?

Machinery and Electronic Equipment 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

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Here you can find the board and organizational chart of Vörður

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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Here you can access information documents for all insurance policies that Vörður has to offer.

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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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Vörður organizational chart

Here you can find answers to common questions about insurance that we receive regularly.

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Vörður works with integrity on sustainability issues and believes it is beneficial to publish information on social aspects of operations alongside the annual report, thus having a positive impact on the development of the issue in society.

Sustainability report

Here you can access terms and conditions for all insurance policies that Vörður has to offer.

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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