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You need to get CASCO (Casualty and Collision) insurance coverage for the car you are buying on lease from an Insurance company acceptable to AB SEB bank.
Requirements for property insurance
- The insured sum may not be lower than the vehicle’s market price.
- Deductible (the part of loss which is not indemnified by the insurance company) in the event of theft is not more than 20% of loss and the unconditional deductible is not more than EUR 900.
- The beneficiary is SEB Bank.
- Standard terms of the Casualty and Collision (CASCO) insurance.
Insurance companies acceptable to SEB Bank:
- Balcia Insurance SE Lithuania branch
- AAS "BTA Baltic Insurance Company" Lithuania branch
- ADB "Gjensidige"
- UADB "Compensa Vienna Insurance Group"
- "ERGO Insurance SE", Lithuania branch
- "If P&C Insurance AS" branch
- AB "Lietuvos draudimas"
- "Seesam Insurance AS" Lithuania branch
- Swedbank P&C Insurance AS Lithuania branch
