Natural catastrophe insurance of Iceland is a public institution whose task is to insure the main value against natural disasters. All buildings in Iceland are insured against natural disasters. Premiums are collected alongside fire insurance. The following structures must also be insured, even if they are not fire-insured: Heating facilities, water supplies, sewage facilities, harbour facilities, electricity installations and telephone and telecommunications installations owned by municipalities or the State Treasury, together with ski lifts and bridges, longer than 50 metres.
Report damage caused by natural disasters
It is important to:
report the loss within one year, otherwise the insured may lose his right to claim compensation
take photographs and preserve damaged items
wait for repairs until NTÍ has had a chance to assess the damage.
News
Status of damage claims 19 april 2024
A total of 498 claims have been reported after the natural disaster in Grindavik. Assessments have been completed in 370 cases, damage assessors are still processing 124 cases and 4 new cases await inspection. Of the 498 cases, 432 are residential property claims, 58 are asset claims and 8 claims are in regard to utility systems.
Status of damage claims April 12th 2024
A total of 495 damage claims have been reported to NTI after the natural catastrophy in Grindavik. Assessment of 354 damage claims has been concluded, Assessors have started work on 138 cases and 3 new cases await processing. 430 of the total of 495 are damages to properties, 57 claims are for contents or liquid assets and 8 are claims of damage to utility systems in Grindavík.