When the damage is caused by a volcanic eruption, earthquake, landslide, avalanche or water avalanche and the damage is to a building.

If you have purchased fire insurance on movable property/a residence with the general insurance companies, Sjóvá, Verði, VÍS or TM, it is also insured for the above-mentioned damage events.

• No, not unless there was an avalanche that fell on your property.

• Your insurance company (Sjóvá, TM, VÍS or Vörður) is responsible for collecting the premium for NTÍ.

• No, NTÍ never replaces losses, but the generic insurance companies do offer special coverage.

• Yes, the insured bears his/her own risk of total loss of buildings in each property number, regardless of the number of buildings he/she owns.

Multi-owner buildings are divided into separate properties with special real estate numbers. Each individual property shall be accompanied by a share in the common parts of the building in accordance with a declaration of division of ownership. One risk is calculated per property number whether the damage is only to the private property unit, only to the common parts or both to the private property unit and the common parts of the building.

For example, if the property in a multi-owner building is damaged in a ten-storey building (ten real estate numbers), then the owners of all the dwellings are the injured party and ten claims are established, each at its own risk. If damage also occurs to individual dwellings (private property), each dwelling and its share in the common parts shall only bear one risk of their own.

You should contact your insurance company to enquire. The copper insurance includes in some cases a part of the events that can be considered a natural disaster. In such cases, your insurance company would make good the damage.

If your car is fire-insured with a special fire insurance with your insurance company, it is covered by fire eruptions, earthquakes, landslides, avalanches and water avalanches at NTÍ.

• Heating, water and sewage systems owned by municipalities or the Treasury.

• Port facilities owned by municipalities or the Treasury.

• Bridges of 50 m in length or longer.

• Publicly owned electricity infrastructure, including distribution networks, dams and utility installations.

• Publicly owned telephone and telecommunications installations.

• Ski lifts.

Owners are obliged to inform NTÍ of the insurance amounts of new constructions and changes to existing structures before 1 March each year, otherwise NTÍ will update the insurance amounts from the previous year in accordance with the building index.

If no new structures or extensions have been disclosed, this is not considered as insured by the NTÍ. When development takes place in municipalities, such as on networks, it is important to send information regularly to NTÍ to ensure that the projects in question are covered by the insurance coverage of NTÍ in case of damage.

The premium is 0.02% of the insurance amount. The own risk is 2% of each damage, but the minimum own risk due to construction projects is ISK 1,000,000.

Owners have access to the detailed re-stock price on 'my pages' and are asked to report changes and additions in this form.

• Heating, water and sewage systems owned by municipalities or the Treasury.

• Port facilities owned by municipalities or the Treasury.

• Bridges of 50 m in length or longer.

• Publicly owned electricity infrastructure, including distribution networks, dams and utility installations.

• Publicly owned telephone and telecommunications installations.

• Ski lifts.

Owners are obliged to inform NTÍ of the insurance amounts of new constructions and changes to existing structures before 1 March each year, otherwise NTÍ will update the insurance amounts from the previous year in accordance with the building index.

If no new structures or extensions have been disclosed, this is not considered as insured by the NTÍ. When development takes place in municipalities, such as on networks, it is important to send information regularly to NTÍ to ensure that the projects in question are covered by the insurance coverage of NTÍ in case of damage.

The premium is 0.02% of the insurance amount. The own risk is 2% of each damage, but the minimum own risk due to construction projects is ISK 1,000,000.

Owners have access to the detailed re-stock price on 'my pages' and are asked to report changes and additions in this form.