If the fire insurance value, or the estimated rebuilding price of a property in construction, is clearly higher than the estimated market price of the building on 9 November 2023, the amount of the payment is based on the estimated market price.

When this applies, the property company Þórkatla will have the houses evaluated and the price offered determined. This is only done when the condition of the house is such that the fire insurance value is clearly higher than the estimated market price.