Swedbank P&C Insurance AS / Swedbank Life Insurance SE
Swedbank
Swedbank is a motor casco insurance for the Estonia market with online purchase and 24/7 assistance.
Direct payment
Swedbank kasutab kahjukäsitluses otsemakse mudelit remonditöökojale/edasimüüjale: pärast kliendi poolt Caroom rakenduse kaudu esitatud fotode alusel koostatakse remondikalkulatsioon, mille kindlustusselts kontrollib ja kinnitab, misjärel saadetakse garantiikiri tööde tasumise eest otse edasimüüjale või töökojale, mitte kliendile sularahas.
Geographic scope
Estonia
24/7 roadside assistance is provided across Estonia and Europe; the exact insured territory is specified on the policy.
Unique selling points
- Zero deductible on glass/windscreen damage, a cost many competitors charge for.
- 24/7 roadside assistance included as standard, covering both Estonia and Europe.
- Flexible monthly instalments with no surcharge, keeping the total price identical to paying in full.
- Guaranteed new original spare parts when repairing vehicles under five years old.
- AI-guided smartphone photo documentation via the DriveX partnership speeds up and simplifies concluding the casco contract.
Coverage limits
Own vehicle damage (comprehensive)
Covered
Covers unexpected damage to the insured vehicle, including collisions, animal/bird strikes, vandalism, fire, natural disasters, theft and robbery, up to the sum insured stated on the policy.
Total loss
Covered
A vehicle is treated as a total loss when repair cost exceeds 70% of the insured value (or less, at the insurer's discretion), repair is not justified for road-safety reasons, or the vehicle is stolen; for cars/vans up to 3.5t, the insurer pays the agreed value stated on the policy or the market value if it exceeds that amount.
Partial damage
Covered
Repair costs for partial damage are covered subject to the agreed deductible; for vehicles up to five years old, new original spare parts are used in repairs.
Theft and robbery
Covered
Covers theft or robbery of the insured vehicle; for cars/vans up to 3.5t, the insurer pays the agreed value stated on the policy or the market value if it is higher.
Natural perils
Covered
Covers damage caused by natural disasters (e.g. storm, flooding) as part of the comprehensive casco cover.
24/7 roadside assistance
Covered
24/7 roadside assistance is included as a standard benefit, covering Estonia and Europe.
Replacement vehicle cover
€30 – €60
Optional add-on providing a replacement vehicle while the insured car is being repaired after a claim; the customer chooses a daily benefit limit of either €30 or €60 at contract signing, and may opt for an electric scooter as the replacement vehicle instead of a car.
Driver accident cover
No limit stated
No information on a dedicated driver accident (personal injury) benefit was found in the available sources.
Key conditions
Driver age and experience limit
No explicit minimum driver age or licence-tenure exclusion is stated; the vehicle owner's age and claims history influence the premium, and the contract is normally concluded for a one-year term.
Repair network requirements
No approved repair-workshop network requirement is stated; however, for vehicles up to five years old, repairs must use new original spare parts.
Territorial scope
24/7 roadside assistance applies across Estonia and Europe; the overall insured territory is defined on the individual policy.
Anti-theft requirements
No specific anti-theft device requirement was found in the available sources.
Claim notification deadline
No specific claim notification deadline (number of days) was found in the available sources.
Deductible rules
The deductible is agreed at contract signing as either a fixed amount or a percentage of the claim; glass damage has a €0 deductible; collisions with animals or birds carry no deductible for vehicles up to 3.5t; costs of technical faults or routine maintenance (e.g. brake discs/pads) are excluded and borne by the owner.
Documents
Swedbank P&C Insurance CASCO terms and conditions (mirror copy)
Terms & conditions
Policy specifics
Glass deductible
Deductible for glass damages is €0, indicating full coverage for glass breakage
SourceComprehensive coverage (all-risks)
CASCO insurance covers unexpected vehicle damage from any unforeseen event, excluding specific conditions
SourceMaximum insurable vehicle age
Vehicles up to 14 years old can be insured under Swedbank's casco product
SourcePre-contract vehicle condition documentation
Before cover takes effect, the customer must document the vehicle's pre-existing condition with photos, now guided by DriveX's AI-assisted smartphone photo capture
SourceMonthly payment without surcharge
Insurance can be paid monthly without any additional fees or surcharges
SourceSources
- https://blog.swedbank.ee/kindlustus/autokindlustus/hea-teada-kuidas-kujuneb-kasko-hind
- https://blog.swedbank.ee/kindlustus/drivex-kaskokindlustus-swedbank
- https://blog.swedbank.ee/kindlustus/millest-peaks-ariklient-kaskokindlustust-valides-lahtuma
- https://blog.swedbank.ee/kindlustus/ohtlik-aeg-liikluses-kuidas-kasko-sind-kaitseb
- https://www.swedbank.ee/private/insurance/car/casco