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

Are There Any Restrictions or Precautionary Rules? 

Where is the insurance valid?  - Specified on the insurance policy or renewal receipt.

The insurance is valid only at the location specified in the insurance policy. 

Where is the insurance valid? 

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

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 addition to Machinery and Electronic Equipment Insurance that compensates operating loss from sales decease or reduction of services following a loss or damage covered by the property insurance. 

compensates operating loss from sales decease or reduction of services following a damage.

What Is Covered?

The insurance policy will compensate 

The insurance policy does not compensate 

Operation Interruption Insurance for Machinery and Electronic Equipment 

What Is Not Covered?

Operation Interruption Insurance for Machinery and Electronic Equipment

Property Insurance

Terms and Conditions

Business Interruption Insurance for Machinery and Electronic Equipment

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

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About Vörður

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