What is the insured party’s own risk?

The insured party’s own risk (deductible) shall be 5% of each instance of damage, however it shall never be to a lower amount than as follows:
   1. With regard to liquid assets, ISK 20,000.
   2. With regard to buildings, ISK 85,000.
   3. With regard to facilities, ISK 850,000.

Annual premiums shall be calculated as follows:
   1. For liquid assets, 0.25‰.
   2. For buildings, 0.20‰.
   3. For facilities, 0.20‰.