Kortalaust kort
Landsbankinn VISA and MasterCard Terms and Conditions for
Companies and Public Bodies
Insurance Terms No. GT 29
Principal components:
1.6
This insurance is not valid during travel on land
or water outside normal routes and habited
areas.
2
SCOPE OF
VALIDITY
2.1
This insurance includes:
Landsbankinn’s VISA and MasterCard T erms and
Conditions for Companies and Public Bodies
Travel accident insurance, up to ISK 9,000,000
Medical expenses insurance, up to
ISK
16,000,000
*
Travel interruption insurance, up to
ISK
120,000
Emergency accompaniment insurance, up to ISK
160,000
Reimbursement of travel expenses, up to
ISK
360,000
Hospital per diem benefits, up to ISK
120,000
Luggage insurance, up to
ISK
200,000 *
Purchases insurance, up to
ISK
200,000 *
Luggage delay insurance, up to ISK
32,000
Travel delay insurance, up to
ISK
18,000
Abduction insurance, up to
ISK
240,000
Cancellation insurance, up to
ISK
350,000**
Liability insurance, up to
ISK 40,000,000 *
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SOS INTERNATIONAL
Security service and emergency assistance.
* Deductible ISK 25,000
** Deductible ISK 15,000
VALIDITY
1.1
The insurance pursuant to the following terms is
generally valid during for up to 60 consecutive
travel days.
1.2
The insurance covers the employees of the
companies or public bodies that travel on their
behalf overseas provided that the company/body
has Purchase Card or a cardless account with
Landsbankinn which includes travel insurance.
1.3
An insured party who travels abroad for
temporary work is insured according to Article
1.1.
1.5
An employee who resides outside Iceland is
insured according to Article 1.1 when he travels
to other countries, but not during travel within his
country of residence.
During travel in Iceland, losses due to traffic
accidents in private vehicles are excluded from
this insurance, with reference to Articles 91 and
92 of the Traffic Act No. 50/1987.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
/
PERIOD
OF
Travel accident insurance
Medical expenses insurance
Hospital per diem benefits
Travel interruption
Travel expenses of other parties
Reimbursement of travel expenses
Security
service
and
emergency
assistance
Luggage and purchase insurance
Luggage delay insurance
Travel delay insurance
Cancellation insurance
Abduction insurance
Liability insurance
in accordance with further provisions in these
terms.
1
1.4
INSURANCE
2.2
An employee enjoys coverage according to
these terms and conditions while the Purchasing
Card or cardless account of the company / public
body is valid as well as the terms of
Landsbankinn.
The travel insurance, however, shall apply if the
travel is undertaken within 6 months from the
payment of the trip, even if the company / public
body has terminated its Purchasing Card or
cardless account or the terms of Landsbankinn
have been revoked, provided that both were in
effect when the trip was paid.
2.3
Landsbankinn is authorised to amend the
provisions of these insurance terms or cancel
them, provided that it notifies the cardholder in a
secure manner.
3
DEFINITIONS
3.1
For the purposes of these insurance terms, the
following definitions shall apply:
The Company refers to Vátryggingafélag Íslands
hf. (VÍS).
Page 1 of 8
Insurance terms No. GT
This is a translation of the authoritative Icelandic text. In the event of any discrepancies between
the translation and the original Icelandic text, the original text shall prevail
Cardholder refers to the company that has a
cardless agreement with Landsbanki Íslands hf.
The term VISA credit card refers to a card
issued by Landsbankinn.
Living expenses refers to costs incurred for
accommodation and transport and other
expenses deemed necessary by the Company.
Food expenses are not classified as living
expenses.
The insured is the person whose life or health is
covered by the insurance and, as applicable, the
person entitled to receive benefits if such
benefits are paid.
An accident is a sudden external incident
causing bodily injury to the insured and occurring
without an act of will on his or her part.
Country of residence refers to the country
where the insured (a) maintains his or her legal
address, (b) resides for purposes of work or
study, or (c) has lived continuously for a period of
at least 180 days.
Travel expense refers to the cost of travel
tickets and accommodation.
The term close relative refers to the spouse,
registered domestic partner, parent, parent-inlaw, grandparent, child, grandchild, sibling, or
fiancé(e) of the insured.
Close professional associate refers to a
business partner of the insured or a person for
whom the insured acts as a substitute.
The term registered domestic partner means
that at least one of the following must apply to
the cohabiting parties:
(a) they have the same registered legal address;
(b) they file a joint income tax return; or (c) they
have verifiably lived together for at least one
year.
Transport accident involving goods refers to
an accident involving public means of transport
and causing damage to insured property. It also
refers to damage to property in the custody of a
carrier engaged in such transport.
A light motorcycle is a motorcycle whose motor
is small enough that the driver is not required to
have a licence.
4
ACCIDENT AND SICKNESS INSURANCE
4.1
Accidents while travelling
4.1.3 Permanent disability: benefits paid according to
disability level, from 16% to 100%, subject to a
maximum of ISK 9,000,000, as follows:
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total, permanent loss of vision,
in one or both eyes,
100%
loss of hand, at wrist or above,
100%
total, permanent paralysis of one
or both arms,
100%
loss of foot, at ankle or above,
100%
total, permanent paralysis of one
or both legs,
100%
total, incurable insanity,
100%
total, incurable paralysis,
100%
total, incurable deafness,
50%
total, incurable deafness
in one ear,
30%
loss of right-hand thumb, 20%
4.1.4 Total, permanent paralysis of a limb is
compensated as the loss of that limb. Other
permanent disability of 16% or more is also
compensated; however, in such instances,
benefits are determined by an assessment
carried out with reference to the Disability
Committee’s non-pecuniary loss tables. No
consideration is given to occupation or capacity
to work.
4.1.5 If the insured is left-handed, compensation is
paid for injury to the left arm as though it were
the right arm.
4.2
Limitations on liability
4.2.1 Death benefits under Article 4.1.1 are limited to
10% of the total death benefit amount if the
deceased individual was under 18 years of age
at the time of the accident.
4.2.2 If the insured is 60 years of age or older, the
insurance amount shall be limited to the
following percentages of the maximum amounts
specified in Articles 4.1.1 and 4.1.3.
60–61 yrs – 90%
62–63 yrs – 80%
64–65 yrs – 70%
66–67 yrs 60%
If the insured sustains an accident while
travelling during the insurance period, benefits
will be paid in the following instances:
4.1.1 Death benefits ISK 9,000,000
4.1.2 Death benefits are paid to the party entitled to
payment according to the second and third
paragraphs of Article 100 of Act No. 30/2004 on
Insurance Contracts.
68–69 yrs 50%
70–71 yrs 40%
72–73 yrs 30%
74 yrs and above 20%
4.2.3 Compensation due to Articles 4.1.1 and 4.1.3
shall only be payable if the accident results in
death or permanent disability within 24 months
of the date of accident.
4.2.4 The maximum benefit amount for one or more
accidents sustained by the insured during a
single trip shall not exceed ISK 9,000,000.
4.3
Medical expenses during travel abroad
The Company will pay compensation of up to
ISK 16,000,000 for an accident or illness
sustained by each covered individual.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
Page 2 of 8
Insurance terms No. GT 29
The Company pays compensation for the
following:
4.3.1 Physician and specialist costs, hospitalisation,
nursing, medication and treatment according to
a medical certificate from the healthcare
institution concerned, in the event that the
insured becomes ill or sustains an accident while
travelling.
4.5.2 Necessary travel and accommodation expenses,
up to ISK 160,000, in consultation with the
Company, for a close relative or friend of the
insured who travels from Iceland or the insured’s
country of residence and back home because of
a serious accident or illness sustained by the
insured.
4.6
4.3.2 Emergency medical transport in the country
where the accident or illness occurs and the
necessary extra accommodation and return trip
expenses,
in
consultation
with
SOS
INTERNATIONAL.
4.3.3 Cost of necessary dental care following a
verifiable accident or in order to relieve suffering.
4.3.4 Transport of the earthly remains of the insured to
Iceland or the country of residence.
SOS INTERNATIONAL shall be notified as soon
as possible of a serious accident or illness
sustained by the insured while travelling abroad.
The insured is always responsible, however,
for a deductible in the amount of ISK 25,000.
4.6.1 The Company reimburses proportionally up to
ISK 360,000 of the non-recoverable travel
expenses of the insured, for that part of the trip
that the insured is unable to use because he is
required, in accordance with written medical
instructions and with the approval of the
Company and SOS INTERNATIONAL, to
interrupt his trip and return home, or must be
hospitalised, because of a serious illness or
accident.
4.6.2 The insurance does not cover trips of a duration
of 5 days or fewer.
4.6.3 Compensation is only paid for the patient and
the insured parties who must interrupt their
travels and accompany the patient home.
4.7
4.4
Travel interruption
4.4.1 The Company will pay necessary additional
expenses, up to ISK 120,000, for a return trip to
Iceland or to the country of residence if the
insured is obliged to curtail his or her stay
abroad due to:
4.4.3 Substantial property damage to the insured’s
home or private business which necessitates the
presence of the insured.
4.4.4 The Company does not compensate for the
unused portion of travel expenses, nor does it
compensate for new travel in place of the
interrupted trip.
4.5
Travel expenses of other parties
The Company pays:
4.5.1 Necessary travel and accommodation expense,
up to ISK 160,000, for a close relative or friend
of the insured who stays with the insured or
accompanies him back home, upon the advice
of a physician and in consultation with SOS
INTERNATIONAL or the Company, because of
a serious accident or illness sustained by the
insured.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
Hospital per diem payments
4.7.1 The Company pays a per diem allowance of up
to ISK 4,000 per day, for a maximum of 30 days,
if the insured is hospitalised abroad due to an
illness or accident sustained while travelling. No
payment is made for the first two days of
hospitalisation.
4.8
4.4.2 The death, serious accident or sudden serious
illness of a close relative of the insured who
resides in Iceland or the insured’s country of
residence.
Reimbursement of trip
Limitations on liability for Articles 4.3–4.7
The Company does not reimburse:
4.8.1 Expenses that are paid according to a reciprocal
medical insurance agreement.
4.8.2 Expenses arising from treatment or follow-up
treatment in Iceland or the country of residence.
4.8.3 Claims for any type of accident, illness or
disease from which the insured has suffered and
for which he has received medical care and/or
treatment during the six months prior to the
payment of the confirmation fee for the travel.
4.8.4 Loss or damage that can be attributed to the fact
that the insured:
a) could expect to give birth to a child before
returning home or within two months of the
return date or
b) was travelling in defiance of the advice of a
practising physician or with the intention of
seeking medical treatment abroad.
4.8.5 Expenses due to any kind of illness or disease
from which a close relative or close business
Page 3 of 8
Insurance terms No. GT 29
associate was suffering when the confirmation
fee for the trip was paid.
5.2.7 Loss due to luggage damaged in the custody of
an airline or other carrier.
4.8.6 Medical bills submitted more than twelve months
after the insurance event.
5.2.8 Loss of eyeglasses as a result of theft, robbery
or burglary.
5
LUGGAGE AND DELAYS
5.1
Luggage and purchase insurance
5.2.9 Loss to property that is stolen from or
disappears from locked dwellings, storage
facilities, motor vehicles or boats without proof of
burglary.
The insurance covers damage to luggage and
personal property due to fire, theft, burglary,
robbery, vandalism or transport accidents.
The insured must have observed the utmost
caution in safeguarding the insured property.
5.1.1 The insurance amount ranges up to ISK 200,000
for each employee for damage to luggage that
the insured takes along while travelling.
5.1.2 The insurance amount ranges up to ISK 200,000
for each employee for damage to personal
property that the insured purchases while
travelling abroad and pays for in full with his
VISA credit card.
5.1.3 Maximum compensation for watches and
jewellery may never exceed 50% of the
insurance amounts specified in Articles 5.1.1
and 5.1.2.
5.2.10 Loss to camping equipment while in use, due to
damage or theft, and loss of luggage stored in
tents.
5.2.11 Loss stemming from theft or burglary that the
insured has, intentionally or through gross
negligence, neglected to report to the police
within 24 hours of the time the loss occurred or
was discovered.
5.2.12 Loss due to fire, unless a motor vehicle or
building has caught fire.
5.2.13
Loss of bicycles stored outdoors.
5.2.14
In order to receive compensation, the insured
must take the necessary action to prove that
the loss incident took place.
The appropriate authorities shall be notified of
the theft, robbery or burglary, and a report on
the incident must be obtained. Furthermore,
the loss incident must always be reported to
the tour guide, hotel and vehicle rental agency.
5.2.15
Losses occurring during transport shall be
reported immediately to the carrier, and a
report on the incident must be obtained.
5.3
Determination of compensation
5.1.4 The maximum compensation paid in any given
calendar year for losses according to Articles
5.1.1 and 5.1.2 is ISK 400,000 per employee.
The insured is always responsible, however,
for a deductible in the amount of ISK 25,000.
5.2
Limitations on liability for Article 5.1
The Company does not reimburse:
5.2.1 In an amount exceeding ISK 80,000 for any
individual item, pair of items or group of items.
5.2.2 Damage caused by moths, vermin, atmospheric
conditions, weather, normal wear and tear or
damage that does not impair the utility of the
insured property.
5.2.3 Damage to luggage due to liquids, food and
other contaminating substances carried in
luggage, except in the case of an accident
involving public means of transport.
5.3.1
Compensation shall be based on the value, on
the date of the loss, of a new article
comparable to the damaged article.
The
Company is authorised to reduce the
compensation by an amount corresponding to
the reduction in value due to age, use or other
factors that may affect the value of the item in
question.
5.3.2 Notwithstanding Article 5.3.1, the depreciation of
the following articles may not exceed the
percentages in the table below. Depreciation
may never exceed 70%.
5.2.4 Loss due to damage to athletic equipment during
use.
5.2.5 Loss deriving from impoundment or confiscation
of property by customs officers or other
authorities.
5.2.6 Loss of postage stamps, manuscripts,
documents, cash or any kind of securities.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
Page 4 of 8
Type
Years w/o depreciation Dep. per year
Clothing
Audio equipment
Digital cameras
Computers & accessories
Radios
Other electrical equipment
Bicycles
Skiing and camping equip.
1 year
2 years
1 year
1 year
2 years
1 year
1 year
1 year
20%
10%
20%
20%
10%
10%
10%
10%
Insurance terms No. GT 29
The person suffering the loss must submit to the
Company a written confirmation from the carrier,
stating explicitly the cause and duration of the
delay.
Compensation is not paid if the delay occurs
because the insured scheduled a connecting
flight within a time limit narrower than the
minimum set by the airline/airport in question and
an observation to this effect is noted when the
reservation is made.
5.3.3 Computer data and software are not covered.
5.4
Delayed luggage
5.4.1 If the insured is unable to collect his luggage
upon reaching his destination as a result of
delay or handling error, compensation is paid for
the purchase of necessities after a delay of 8
hours, ISK 32,000 per employee.
5.5
6
ABDUCTION INSURANCE
6.1
The Company pays ISK 8,000 per diem for up to
30 days if the insured is kidnapped and held
hostage while travelling abroad.
Precautionary principles
7
CANCELLATION
7.1
Travel expenses paid in advance or those for
which a pre-payment agreement is made and
which are not refundable will be compensated by
the Company up to a maximum of ISK 350,000
for travel that the insured cannot undertake for
one of the following reasons:
5.5.1 The insured must close windows and latch them
and must lock dwellings, motor vehicles, boats
and other places where insured property is
stored.
5.5.2 The insured shall not leave the insured property
unattended in public and shall ensure that he
brings the insured property along when leaving a
public place.
5.5.3 The insured shall ensure that the insured
property is packaged in appropriate and
sufficient packaging so that it can withstand the
transport.
5.5.4 The insured shall always lock his luggage when
it is not in his custody.
5.6
Violations of the precautionary principles
Complying with the precautionary principles
herein is mandatory. If the precautionary rules
are not followed, the Company may be absolved
of its liability, wholly or in part, cf. Article 26 of
Act No. 30/2004 on Insurance Contracts.
5.7
Payment of compensation according to this
Article does not require the presentation of
invoices for cost outlays.
The person suffering the loss must submit to the
Company a written confirmation of the delay from
the carrier, stating explicitly the duration of the
delay. Compensation is not paid for delayed
luggage when the insured is returning home.
Compensation is not paid if the delay occurs
because the insured scheduled a connecting
flight within a time limit narrower than the
minimum set by the airline/airport in question and
an observation to this effect is noted when the
reservation is made.
7.1.2 A close relative or a close professional
associate:
a) Dies.
b) Sustains serious bodily injury or serious
illness, subject to confirmation by a practising
physician.
7.1.3 Witness duty before a court, cancellation due to
professional engagements that the insured
cannot be excused from undertaking in
accordance with legislation on mandatory
quarantine or prevention of travel because of
official restrictions due to an epidemic.
7.1.4 Substantial property damage to the insured’s
home or private business which necessitates the
presence of the insured.
Travel delay
In the event that a strike, inclement weather or
machinery breakdown causes delays in the
operation of a public means of transport and this
leads to a delay in the insured’s arrival at his
destination, compensation will be paid after 12
hours of delay, ISK 18,000 per employee.
Delays are calculated from the scheduled arrival
time of the means of transport according to the
itinerary provided to the insured.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
7.1.1 Death, bodily injury, illness, childbirth or
quarantine of the insured, subject to confirmation
by a practising physician.
7.1.5 Disturbance leading to a delay of at least 12
hours in the scheduled departure of a public
means of transport used by the insured on travel
abroad, according to the itinerary provided to the
insured.
7.1.6 The means of transport is hijacked.
7.1.7 Unforeseen changes in the field or venue of
work.
Page 5 of 8
Insurance terms No. GT 29
7.1.8 If the cardholder pays a special cancellation fee
to a travel agency, or if such a fee is collected
from him when he purchases the trip, the
cancellation insurance of the travel agency
concerned replaces the cancellation insurance
according to these terms.
7.1.9 Medical certificates must be presented on forms
issued by the Company for this purpose.
The above incidents shall be of such a nature
as to make the cancellation of the reservation
unavoidable.
temporarily or otherwise, by the decision of a
public authority.
7.2.6 Loss due to a strike which it was known, at the
time the confirmation fee for the trip was paid,
would commence before departure.
7.2.7 Loss due to financial difficulties or bankruptcy of
a travel agency and/or other such parties
organising passenger transport.
8
LIABILITY INSURANCE FOR THE LOSS OR
DAMAGE OF A THIRD PARTY
8.1
The Company pays compensation up to a
maximum total amount of ISK 40,000,000 due to:
a) Bodily injury sustained by an individual as a
result of indemnifiable conduct on the part of
the insured.
b) Loss or damage to property as a result of
indemnifiable conduct, action or lack of
action on the part of the insured.
c) Costs and expenses that are incurred by a
third party and may be collected from the
insured, either according to Icelandic law or
the law of the country where the accident,
loss or damage occurred.
d) Legal fees and other costs and expenses
incurred by the insured because of a loss
that the Company has agreed to cover.
The insured is always responsible, however,
for a deductible in the amount of ISK 15,000.
Compensation according to the present Article is
paid for cancellations that come to pass during
the time prior to departure from the insured’s
home.
7.2
Limitations on liability for Article 7
The Company does not reimburse:
7.2.1 Loss resulting from any kind of illness or disease
from which the insured was suffering and/or for
which he was receiving treatment at the time the
confirmation fee for the trip was paid.
7.2.2 Loss or damage deriving directly or indirectly
from the following:
a) Directives
issued
by
governmental
authorities
(except
those
regarding
mandatory quarantine).
b) Oversight or negligence by the party
handling transport or accommodation, or
oversight by the agent in charge of
organising the trip.
c) The insured’s reluctance to travel or his poor
financial situation.
d) Expenses that should be paid by a travel
agency, hotel or airline.
e) Change in a planned summer holiday.
f) Extra charges added by a travel agency,
leading to an increase in the basis for the
tariff.
g) Cancellation of flights or changes to flight
schedules due to volcanic eruptions.
7.2.3 Loss due to neglect in informing a travel agency
or
the
party
arranging
transport
or
accommodation that it has been necessary to
cancel a trip.
7.2.4 Loss incurred because the insured did not check
in for departure in accordance with an itinerary
provided to him, and no change in scheduled
time was confirmed by the airline or travel
agency.
7.2.5 Loss stemming from the removal of an
aeroplane or ship from service, either
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
The insured is always responsible, however,
for a deductible in the amount of ISK 25,000.
8.2
Limitations on liability for Article 8.1
The Company does not compensate for loss
deriving from or related to:
8.2.1 Ownership of, right of disposal over or use of
motorised vehicles.
8.2.2 Employer’s liability, contractual obligation or
responsibility towards a close relative of the
insured.
8.2.3 Responsibility for animals belonging to the
insured or in his custody or care.
8.2.4 Any kind of vandalism carried out intentionally or
with malice.
8.2.5 Responsibility deriving from business or
commercial
transactions
or
professional
activities.
8.2.6 Responsibility deriving from ownership of land or
buildings.
8.2.7 Use of firearms, parachute jumping, glider flying,
hang gliding, air balloon flights or organised
athletic or professional activities that could be
considered life threatening.
Page 6 of 8
Insurance terms No. GT 29
8.2.8 Articles that are owned by a third party and are
damaged or lost while in the custody of the
insured.
9
GENERAL PROVISIONS
9.1
The Company must be informed immediately of
an accident or any other kind of incident that
could result in the filing of a claim against it. The
insured is required to provide, at his own
expense, all documents that the Company may
request in verification of the claim. Forms for the
reporting of losses are available at the offices of
Vátryggingafélag Íslands hf. and on the
Company’s website: www.vis.is.
claim against the Company, all entitlement to
compensation shall be revoked.
9.11
In the event that the insured is entitled to
financial compensation against another party due
to a covered loss, the Company acquires that
right to the extent that it has paid compensation
to the insured.
9.12
Any items not specified in the present terms shall
be subject to the provisions of Act No. 30/2004
on Insurance Contracts.
10
GENERAL LIMITATIONS ON LIABILITY
10.1
9.2
Compensation is credited to the card account
concerned in Icelandic krónur (ISK). In instances
involving medical losses, the Company is also
authorised to charge the card account for the
deductible.
9.3
No one may admit to liability, issue declarations
or otherwise obligate the Company without the
Company’s written consent. In the event of legal
action deriving from a claim for a covered loss or
a third-party claim, the Company will handle the
entire proceedings and engage legal counsel of
its choice.
9.4
The insured is required to take every precaution
in order to prevent accident, injury and illness,
insofar as is possible.
9.5
In the event of the death of the insured and a
resulting claim against the Company, the
Company reserves the right to have a postmortem examination conducted at its own
expense.
9.6
If the Company is liable for a loss according to
these terms and another insurance also covers
the same loss, the Company will only pay its
share of the compensation in accordance with its
proportional liability; cf. however, Article 7.1.8.
9.7
Death and disability benefits are paid according
to the terms of a single credit card but are
otherwise independent of other insurance
policies; cf. however, the provisions set out in the
above section entitled Validity.
9.8
Compensation is paid only from the insurance
accompanying a single credit card for each
insured person and each loss incident.
9.9
The validity and interpretation of these terms
shall be in accordance with Icelandic law; cf.
however, Article 8.1.c).
9.10
If it is revealed that the insured or his
representative used fraudulent means to file a
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
The Company does not reimburse:
Loss deriving directly or indirectly from:
a) The deployment or use of any kind of nuclear
weapon or device that can cause explosion,
radiation, emission, dispersion, discharge or
leakage from fissionable matter that emits
radioactivity and causes permanent disability
or death of the insured.
b) The deployment or use of chemical weapons
that can cause the emission, dispersion,
discharge or leakage of any kind of chemical
compound in solid, liquid or gaseous form
and causes permanent disability or death of
the insured.
c) The deployment or use of biological weapons
that can cause the emission, dispersion,
discharge or leakage of any kind of
pathogenic microorganisms, biologically
produced toxic
substances
(including
genetically modified organisms or new and
unknown toxic substances) that cause
permanent disability or death of the insured.
d) War, invasion, military action, civil war,
insurrection, revolution, armed combat
against civil authorities, civil commotion that
may be compared to insurrection, military
coup d’état or usurpation of power.
e) The Company does not compensate loss,
damage, expenses or cost outlays of any
kind that directly or indirectly are caused by,
are the consequence of or occur in
connection with any kind of action taken in
order to control, prevent or suppress
occurrences that are described in a), b), c)
and d) above, or are in any way related to
them.
10.2
Loss resulting directly or indirectly from mountain
climbing, rappelling, parachute jumping, air
balloon flying, bungee jumping, hang gliding,
glider flying, kayaking, sailing on boats rowed
down rivers and waterways with strong currents,
horse racing, skin diving or other submarine or
subterranean activities.
10.3
Loss resulting directly or indirectly from
automobile and motor sports or the use of
motorcycles, whether the insured is a driver or a
Page 7 of 8
Insurance terms No. GT 29
passenger. The restriction on motorcycles does
not apply, however, to the use of a light
motorcycle rented during travel covered by this
insurance.
10.4
Loss due to accidents occurring in competition or
training in preparation for competition in any kind
of sports, except in the case of children under
the age of 16.
10.5
Loss resulting directly or indirectly from flight in
an airplane, other than scheduled air travel
undertaken, as a paying passenger, with a
registered air carrier in possession of the
required licenses.
10.6
Loss deriving directly or indirectly from:
a) ionic radiation or pollution from any kind of
nuclear fuel or nuclear waste or from the
combustion of nuclear fuel.
b) radiation, poisoning, explosions or other
hazardous or polluting properties of nuclear
stations, nuclear reactors or any kind of
nuclear equipment, or any parts of such
stations, reactors or equipment.
12
HANDLING OF DISPUTES AND VENUE
12.1
In the event of a dispute concerning the
insurance, an Icelandic court shall rule on the
matter according to Icelandic law, unless
otherwise provided for pursuant to international
agreements by which Iceland is bound.
12.2
In other respects, disputes concerning the
insurance contract and the Company’s liability for
compensation may be referred to the Insurance
Companies’ Loss Committee and the Insurance
Rulings Committee. Information on these
committees and their procedures can be
obtained from the Company.
12.3
Notwithstanding
the
resources
available
according to the second paragraph, the parties
are entitled to refer the dispute to the courts.
Such cases shall be referred to the District Court
of Reykjavík.
12.4
The domicile and venue of the Company are in
Reykjavík.
These terms are effective as of 1 May 2016.
10.7
Loss that derives directly or indirectly from
fistfights or participation in criminal acts.
10.8 If the insured causes a loss incident through
intent or gross negligence, the Company’s
liability shall be in accordance with Articles 89
and 90 of the Act on Insurance Contracts, No.
30/2004.
10.9
If a number of individuals insured through VISA
cardholder travel insurance suffer an accident
because of a single loss incident, the Company’s
total compensation shall be limited to USD 25
million or the equivalent in Icelandic krónur. In
the event of a reduction in compensation due to
this provision, the reduction will be proportional
and will be based on the compensation to which
each beneficiary would otherwise have been
entitled.
11
PAYMENT
INTEREST
11.1
Claims may be filed 14 days after the Company
had the opportunity to obtain the information
necessary to assess the insurance incident and
determine the amount of compensation. The
insured has a right to interest on his claim
pursuant to Article 50 or Article 123 of Act No.
30/2004 on Insurance Contracts.
OF
COMPENSATION
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
AND
Page 8 of 8
Insurance terms No. GT 29
SOS INTERNATIONAL
SECURITY SERVICE
ASSISTANCE
AND
EMERGENCY
The accident and medical service is a part of the
medical expenses aspect of the insurance policy.
Other
services
provided
by
SOS
INTERNATIONAL are charged at cost price, but
all advice is rendered free of charge. SOS
INTERNATIONAL shall be notified as soon as
possible of a serious accident or illness
sustained by the insured while travelling abroad
and must also be notified that the insured is
insured with a Landsbankinn credit card.
SOS INTERNATIONAL services rendered due to
accident or illness abroad are covered by the
cardholder’s Landsbankinn travel insurance with
Vátryggingafélag Íslands (VÍS), on the condition
that payment of travel expenses with a
Landsbankinn card has been in accordance with
the insurance terms.
Other
services
provided
by
SOS
INTERNATIONAL are charged at cost price, but
all advice is rendered free of charge. When
seeking information or assistance from SOS
INTERNATIONAL, it is necessary to quote the
card number, name, ID No. and address of the
cardholder, and to specify that the cardholder is
insured by a Landsbankinn credit card.
Travel services
Information is given on the following and
assistance rendered, if requested:
 visas,
vaccinations,
meteorological
conditions, road conditions and travel
conditions, healthcare services, etc.
 renewal of lost or stolen passports, travel
tickets and travel documents.
EMERGENCY TELEPHONE SERVICE
SOS INTERNATIONAL emergency service is
available 24 hours a day, year-round.
Phone number in Denmark (45) 70 10 50 50
Fax number in Denmark
(45) 70 10 50 56
E-mail:
sos@sos.dk
Website:
www.sos.dk
Vátryggingafélag Íslands (VÍS)
Tel.:
354 560 5000
Fax:
354 560 5108
Services in case of accident or illness
Experienced staff members handle the
following:
 giving advice and providing the names,
addresses and telephone numbers of
recognised physicians, medical centres or
hospitals, and dentists all over the world.
 contacting
hospitals
and
providing
guarantees (collateral) for payment of
expenses, if necessary.
 speaking to physicians and hospital staff in
more than 30 languages.
 transport home and the best means of travel,
with regard to the patient’s condition.
 ensuring that the necessary nursing staff
accompanies the patient.
 assisting and organising the return trip of a
relative/relatives of the ill or injured person.
 organising
and
providing
assistance
concerning the return trip of children of the ill
or injured person in the safe custody of an
adult, if necessary.
 rendering assistance regarding general
insurance matters, handling of accidents and
hazardous situations.
Vátryggingafélag Íslands hf. – Ármúli 3, Reykjavík
Tel.: 560 5000 – www.vis.is
Page 9 of 8
Insurance terms No. GT 29
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