Home insurance

You can rely on Swedbank’s home insurance

  • Absolutely everything is covered that isn’t listed here.
  • Fast, professional claims handling is assured.
  • In the event of damage we foot the bill for restoring your home, whatever the cost.
  • Excess is just €90, and there’s no excess at all if you need your locks replaced.

In order to enter into an agreement with the 25% discount on 9 and 10 March, home contents insurance must also be selected as part of the agreement.
This discount applies to only for new agreements signed in the Internet Bank.

Calculate Home insurance monthly payment

Building type:
Building material:
Total area:
m2

The calculated offer is based on a 10000 € insurance limit on home contents and 7000 € limit of liability insurance.

Monthly payment:
11.31
Discount:
10
Monthly payment:
0EUR

Insurance covers everything

With Swedbank you can insure your house or apartment as well as your summer house or country home. No one can foresee every single incident that could cause damage to your home or property, which is why we haven’t put together an exhaustive catalogue of the events we insure – instead, we’ve compiled a list of the events our insurance doesn’t cover. In rest of the cases your home will be protected by home insurance.

For example, Swedbank home insurance will cover damages in case of following:

  Fire:

Home with fire damage will be restored

  Hail and wind

Damage will be covered regardless of storm strenght

  Thunder and power surges

We cover damages caused by thunder or power surges.

  Plumbing and flood
  Theft and robbery

Stolen items are covered at new item purchase value.

  Unexpected circumstances

All accidents that damage home or items within it.

Insurable value

Building’s insurable value is the cost of restoring the building to previous state - restoration value. Home contents insurable value is the cost of repurchasing the items as brand new. If same items are no longer sold, equal functionality items are considered.

Liability insurance

Liability insurance has you covered if you or someone in your family causes harm or damage to a third party. This cover is also valid outside of your home anywhere in Estonia.

Conditions

Buildings

By insuring your home or an outbuilding, all of the structures that form part of it are covered, as are the essential parts of the building (including built-in lighting and sanitary systems), its technical systems (including heating pumps and communications lines), its interior finish (including kitchen furniture, but excluding kitchen appliances) and built-in furniture. The interior finish of a terraced house and the essential parts of the building located within the terraced house are insured up to the interior finish of the neighbouring house.

‘Structures’ means any construction with a total area of less than 20 m2 which is located on the same plot of land as the building and which is permanently attached to the ground. This includes playgrounds, driveways, fences, sheltered areas, outdoor lighting and flagpoles.

By insuring your apartment, the living space is covered, as are the essential parts of the apartment (including built-in lighting and sanitary systems), its technical systems, its interior finish (including kitchen furniture, but excluding kitchen appliances) and built-in furniture and any storage room that belongs to the apartment but is located outside of the apartment.

Home contents

By insuring your home contents, all of the property belonging to or at the disposal of the owner of the home or apartment or the individual(s) living there on a permanent basis is covered, both within and beyond the confines of the insured location.

When taking out home contents insurance you get to choose the extent of the cover. And we don’t ask you for a detailed list of the items you want to insure.

However, you can draw up a list of unique or valuable items and collections to insure separately.

Building materials, works of art, jewellery, antiques and valuables are insured to up to 25% of the total amount of home contents insurance.

Property you keep in a storage room located outside of an apartment or in an outbuilding is insured to up to 25% of the insurance amount if the doors of the storage room, outbuilding or sauna are kept locked as required and the windows are closed. Home contents within Estonia but beyond the confines of the insurance location are covered to up to 5% of the insurance amount. Cash kept in the insurance location is covered to a value of up to €500.

Insurance on home proposes a wide range of insurance cover and thus you may be certain that your home contents are covered against any unexpected and fortuitous accidents. There are only some exclusions which are not eligible for cover.

Up-to-date renovation and new items

After the loss we cover the renovation costs of your flat. We guarantee the use of up-to-date building- and furnishing materials in the process of renovation. In the event of the loss of home in fire or for some other reason, we shall finance the construction of a new home. In the event of the theft or unfitness for use of the home content we shall only cover the cost of the item according to its purchasing price (except works of art, valuables and antiques and desktop and laptop computers that are more than 4 years old)

The insurance of the kitchen furniture together with the building

Modern kitchen furniture and other built-in furniture cost a lot. By insuring the above mentioned furniture together with your flat or house you will notably reduce the insurance premium on your home contents – you will have a more favourable insurance premium.

The rent compensation for a temporary dwelling

After a loss you may need to temporarily live away from your home – until your home is restored. We shall cover the rent for the temporary dwelling to ease your nervousness and expenses related to the renovation of the flat. For the Insurance on home clients this additional cover is free of charge.

Loss of rental income

If you have given an insured building or apartment on lease and the lease is terminated due to an insured event, we will indemnify you for the loss of rental income until the building or apartment is reconstructed, but for not longer than 12 months.

The sum insured after the loss is not reduced

We shall guarantee that the agreed on sum insured shall continue to be effective on your house after the loss as well.

You do not have to pay any additional premium to reinstate the original sum insured.

An option to recede from the contract

At the signature of the contract the majority of clients are unable to have a more detailed look at the terms and conditions of the insurance contract which may not meet the actual needs of the client in case of a loss. We propose you an option to have an in-depth study of the terms and conditions of the contract during two weeks after entering the contract and at need ask for further information and modify the contract or recede from it.

Restoration of a building without considering the wear and tear

Damages caused to a structure are indemnified on the basis of the reinstatement value of the property. We do not consider the wear and tear of a building when it is restored.

Facilities

Insurance of a building or a part of a building also covers facilities. Facilities are structures which are located on the same plot of land as the building and permanently attached to the ground. For example playgrounds, driveways, greenhouses etc are insured.

A home security system is not required

We do not require you to have a home security system in order to enter into an insurance agreement. Nor does this affect the size of your insurance payments or the amount for which you are compensated in the event of a claim.

Loss assessment

The instruction for the steps to be taken, which you receive from the average adjuster of Swedbank, depends on the case. In order to assess the amount of loss caused to your home the average adjuster will make an appointment to look over your home. During the visit the average adjuster will ask you to fill a claim for damages form. We may ask for additional documents necessary for making a decision about the indemnity, e.g. explanatory statement, a copy of the notification submitted to the police, receipts in proof of purchasing items etc.

Preparation of renovation

After receiving the notification of loss and claim, and looking over the home, Swedbank will process the decision of indemnity and dispatch a renovation company an approval for work. Thereafter the renovation company will agree with you about the time of work.

Payment of excess

The excess for each insured event is 90 euros. In the event of monetary compensation, this will be deducted from the total amount of the indemnity. If the compensation is paid directly to the repair company, you will receive a separate invoice, which must be paid as agreed before or after the repairs.

The theft- or total damage of home contents

Should an item at your home become unusable or be stolen, we will indemnify you the retail price of the item. In the event the same brand and model is out of manufacturing, we will cover the retail price of the new modification. (except works of art, valuables and antiques and desktop and laptop computers that are more than 4 years old).

Should the keys be stolen and locks broken we will replace your door-locks

In case your keys are stolen or the locks of your doors are broken, it is necessary to replace the locks in order to avoid further damage. The costs involved are covered by us.

The rental costs of a temporary dwelling

During the period of renovation it usually is impossible to live at home. We cover the rental costs of the temporary dwelling but for no more than 12 months. Temporary dwelling place may be a hotel, leased flat or -house.

The costs of after damage demolition and debris/rubbish transportation

The costs of demolition and debris/rubbish transportation, as the result of water- or fire caused damage, are covered.

After the loss the sum insured is not reduced

We guarantee that the sum insured agreed on at the signature of the contract is effective for your home after the loss, too. You do not have to pay any additional premium to restore the original sum insured.

Loss of rent income

If you have given an insured building or apartment on lease and the lease is terminated due to an insured event, we will indemnify you for the loss of rental income until the building or apartment is reconstructed, but for not longer than 12 months.

Important documents

Notify of damage

Should an accident occur at home, notify about it immediately:
  • to the police, in case your home and home contents have been broken or a theft has occurred. In the event your home is under the protection of a security company who has received no call in the time the damage was caused, notify them, too;
  • to the rescue board, in case there is a fire or explosion;
  • to the rescue board or house administrator, in case you are unable to close the taps of the broken circulation system.

Thereafter immediately inform our Claims Handling department of the event and send us all the information concerning the loss event.

The representative of Swedbank receives the notification of claim and advises how to act on the spot of action and how the claim will be adjusted.


Swedbank P&C Insurance AS

Ask for advice of home insurance

Amendment of the contract call at client support telephone 888 1513 or notify us of your wish by e-mail varakindlustus@swedbank.ee or fill in and send the application for amendment of the insurance agreement

Informing us about damage You must fill in a accident notice form, or report by telephone 888 2111 (24 h), or by e-mail address: kahjuabi@swedbank.ee.