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  1. Private customers
  2. Auto leasing
  3. Vehicle insurance requirements for customers

Insurance requirements

for customers of SIA “Citadele Factoring” and SIA “Citadele Leasing”

Owner of the insured object

  • SIA “Citadele Factoring” (unified registration No. 50003760921) or
  • SIA “Citadele Leasing” (unified registration No. 40003423085).

Insured sum

Market value of the insured object (market value of the insured lease object).

Duration of the insurance agreement

Duration of the leasing agreement

Insured risks

Damage, destruction, fire, natural disasters, lightning strike, unlawful actions of third persons (theft, robbery, entry (intrusion)), road traffic accidents – if the object participates in road traffic.

Approved insurers

  • AAS Balta
  • AAS BTA Baltic Insurance Company
  • AAS Baltijas Apdrošināšanas Nams
  • Balcia Insurance SE
  • ERGO Insurance SE Latvian Branch
  • IF P&C Insurance AS Latvian Branch
  • ADB Gjensidige Latvian Branch
  • Compensa Vienna Insurance Group ADB Latvian Branch
  • or another company on which an individual agreement has been reached with SIA Citadele Factoring or SIA Citadele Leasing

Excess

The deductible of the insured or the policy holder in case of theft, robbery or total loss of the lease object must not exceed 15% of the market value of the lease object.
In case of damages, the applicable deductible must not exceed the maximum permitted limits specified below, depending on the type of the lease object.

Lease object type Maximum permitted deductible
Passenger cars and other vehicles (up to 3.5 t) 500 EUR
Vehicles (over 3.5 t), tractors, trailers, semi‑trailers, industrial and other leasing objects with market value up to 100 000 EUR 1000 EUR
Vehicles (over 3.5 t), tractors, trailers, semi‑trailers, industrial and other leasing objects with market value over 100 000 EUR 2000 EUR
Lease object type Maximum permitted deductible
Passenger cars and other vehicles (up to 3.5 t) 500 EUR
Vehicles (over 3.5 t), tractors, trailers, semi‑trailers, industrial and other leasing objects with market value up to 100 000 EUR 1000 EUR
Vehicles (over 3.5 t), tractors, trailers, semi‑trailers, industrial and other leasing objects with market value over 100 000 EUR 2000 EUR

The insurance policy must be sent to the email insurance@citadele.lv, for existing clients – at least 10 days before the expiry date of the current policy.
If you have any questions or uncertainties, please address your leasing manager.