Are there any restrictions or precautionary rules? - Catch and Fishing Gear Insurance

Are There Any Restrictions or Precautionary Rules? 

Where Is The Insurance Valid? - Marine Insurance - 40 and 70 degrees

Varðar is released from liability if the vessel sails south of 40° north latitude or north of 70° north latitude during the period from November 16 to May 15.

Where Is The Insurance Valid?

What are the insured's obligations? - Catch and Fishing Gear Insurance

To provide all necessary information, whether at renewal or when making changes to the 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

Compensates loss or damage caused to a vessel's catch and fishing gear that are not covered by the vessel's comprehensive insurance. Frozen products on board the ship can also be insured separately. 

Compensates loss or damage caused to a vessel's catch and fishing gear.

What Is Covered?

What Is Not Covered?

Catch and Fishing Gear Insurance 

Marine 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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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.

Claims

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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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The agreement between the Icelandic Small Boat Owners Association and Vörður guarantees members access to the best insurance and service options available at any given time. 

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

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Here is information about workshops. The attached list is of approved workshops, car window repair shops and car rentals.

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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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