https://www.citadele.lv/en/private/leasing/insurance

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https://www.citadele.lv/en/private/leasing/insurance

Vehicle 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 (leasing 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 excess of the insured person or the insurance policy holder shall not, in the case of the theft/robbery and destruction of the leasing object, exceed 15% of the market value of the leasing object, but in cases of damage it shall be determined in an amount which does not exceed the following minimum excess values.

Passenger car (up to 3.5 t)

Market value Max. permitted excess
Up to 30 000 EUR 300 EUR
Over 30 000 EUR 700 EUR
Market value Max. permitted excess
Up to 30 000 EUR 300 EUR
Over 30 000 EUR 700 EUR

Commercial passenger cars, tractors, trailers, semi-trailers, objects of industrial and other leasing

Market value Max. permitted excess
Up to 30 000 EUR 500 EUR
Over 30 000 EUR 1000 EUR
Over 100 000 EUR 2000 EUR
Market value Max. permitted excess
Up to 30 000 EUR 500 EUR
Over 30 000 EUR 1000 EUR
Over 100 000 EUR 2000 EUR

If you have any questions or uncertainties, please address your leasing manager.