...and enjoy the peacefulness of Iceland's unique nature.
Local value added tax (VAT) 24 % is included in all prices.
Third Party Liability Insurance (TPL)* - Included
When renting one of the Lessor´s vehicles the Lessee is covered by a mandatory Third Party Liability Insurance (TPL) stipulated by Icelandic law consisting of:
1.Statutory liability insurance of vehicle.
This insurance compensates for damage caused by the rented vehicle to a Third Party. For each instance of loss the coverage limit for personal injuries is 1.000 million ISK and for material damages 175 million ISK.
2.Statutory accident insurance of driver and owner.
This insurance compensates the driver when operating the rented vehicle for bodily damage with coverage limit of 75 million ISK for any insurance incident.
Please note: Neither unauthorized additional drivers nor passengers are compensated by TPL.
For more details see the Mandatory Vehicle Insurance Terms provided by FairCar's insurance provider; Sjóvá-Almennar Insurance Ltd. (Sjóvá-Almennar tryggingar hf.).
Collision Damage Waiver (CDW)* - Included
Collision Damage Waiver (CDW) reduces the Lessee's financial responsibility to a part, in case of damage to the vehicle. The financial responsibility is limited to the deductible amount.*
The maximum deductible amount for CDW is 360.000 ISK for standard vehicles and 500.000 ISK for people carrier, passanager vans, campervans and motorhomes (Class codes: *VMR, *VAR, *HMR, *HAR, *RMR and *RAR).
Collision Damage Waiver (CDW) is mandatory unless Lessee provides written proof from an insurance company, specially stating that coverage of collision insurance is effective in Iceland and valid for the duration of the rental agreement. Usage of personal third party insurance is always on Lessee's own responsibility. If CDW (see article 6.4) is not accepted, Lessee will be held fully reliable for the full value of the vehicle and extras in case of third party insurance is not valid.
Gravel Protection (GP)* - € 11 per day - POPULAR
Gravel Protection (GP) fully covers damages to paintwork and lights of the rented vehicle due to gravel or rocks thrown from other vehicles when passing them. This is limited to front bumper, hood and front lights. Driver’s liability is taken to zero when this occurs.
Broken/damage fornt windshiled is covered with self-risk og 25.000 ISK.
Super Collision Damage Waiver (SCDW)* - € 19 per day
Super Collision Damage Waiver (SCDW) reduces the Lessee's financial responsibility to a part of the vehicle, in case of damage to the vehicle, to the deductible amount.
The maximum deductible amount for SCDW is 100.000 ISK for standard vehicles and 360.000 ISK for passanager vans, campervans and motorhomes (Class codes: *VMR, *VAR, *HMR, *HAR, *RMR and *RAR).
Sand and Ash Protection (SAAP)* - € 9 per day
Sand and Ash Protection (SAP) reduces the Lessee's financial responsibility for damages caused by erosion or ash, which can for instance damage the paint on vehicles permanently, to the deductible amount.
The maximum deductible amount for SAP is 360.000 ISK for all vehicle groups.
Tire Incurance (TI)* - € 8 per day
The Tire Insruance provides full coverage for the cost of tire repair or replacement in case of damages to the tires. Please note that this does not cover a transport of the vehicle to a tire shop or a serviced roadside assistance in case of tire damage.
Theft Protection (TP)* - € 5 per day
Theft Protection (TP) reduces the Lessee's financial responsibility for loss or theft of the vehicle to the deductible amount. The maximum deductible amount for TW is 360.000 ISK for all vehicle groups.
PACKAGE 1 - SILVER Insurance Package - (SCDW+GP) - € 26 per day - MOST POPULAR
PACKAGE 2 - GOLD Insurance Package - (SCDW+GP+TP+TI+SAP) - € 35 per day MOST VALUABLE
* For limitations and exclusions please refer to article 4 and 6 in the Rental Agreement.