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‰.