"Baltijas Apdrošināšanas Nams" AAS Lithuanian Branch
BAN
BAN is a motor casco insurance for the Lithuania market with no online purchase and 24/7 assistance.
Direct payment
Premiums may be paid in cash or by bank transfer at a BAN customer service office or through an insurance intermediary offering BAN policies, in the amount and by the deadline stated in the policy.
Geographic scope
Baltics (Latvia, Lithuania, Estonia) by default, extendable to Europe or Europe+CIS territories
Three selectable territories: Baltics (Latvia, Lithuania, Estonia); Europe (Baltics plus most EU/EEA countries, Switzerland, UK-adjacent states); Europe+CIS (Europe plus Belarus, European Russia west of the Urals, Moldova and Ukraine).
Unique selling points
- Unlimited windscreen and window glass claims with no deductible for the whole policy term.
- Pothole and wildlife-collision damage covered once per policy period with no deductible applied.
- New-value replacement cover for vehicles under 2 years old and under 50,000 km after theft or major damage.
- Hydraulic-lock (water ingress) engine and transmission damage covered up to EUR 7,000 with no deductible.
- 24/7 roadside assistance with unlimited towing coverage within Latvia and up to EUR 1,000 elsewhere in Europe.
Coverage limits
Own Damage (Vehicle Damage)
Covered
Covers any sudden and unforeseen damage to the insured vehicle, subject to the insured sum defined in the policy, except for the exclusions listed in the T&C.
Total Loss / Write-off
Covered
If repair is technically impossible or economically unjustified, the indemnity is calculated as the vehicle's market value immediately before the event, minus any salvage value and the applicable deductible.
Partial Loss / Repair Costs
Covered
If repair is technically possible and economically justified, the insurer indemnifies the costs of restoring the vehicle to its pre-loss condition, at a dealer, insurer-network or policyholder-chosen repair shop.
Theft and Robbery (incl. Theft of Parts)
Covered
Covers open or covert theft/robbery of the whole vehicle and open or covert theft of parts built into the vehicle, subject to security-system and key-handover conditions; indemnity reduced by 50% if not all keys/security devices are surrendered (with specific exceptions).
All-Glass Cover, No Deductible
Optional
When specifically agreed in the contract, covers damage to all vehicle glass (windscreen, rear, side, sunroof, panoramic roof), including thermal-crack breakage, with no deductible and an unlimited number of claims during the policy term, provided only glass is damaged.
Natural Perils (Storm, Flood, Hail, etc.)
Covered
Damage from weather and natural events (storm, hail, flooding, falling trees etc.) is covered under the general 'sudden and unforeseen damage' risk, except that large-scale natural catastrophes with mass casualties (e.g. earthquakes, mass landslides) are excluded.
Vandalism
Covered
Malicious third-party damage to the vehicle falls under the general 'sudden and unforeseen damage' risk covered as standard, subject to the policy's general exclusions.
24/7 Roadside Assistance
€1,000
When specifically agreed in the contract, provides 24/7 roadside assistance including towing, unlimited in Latvia and capped at EUR 1,000 within the rest of the covered European territory; must be pre-arranged by phone with the insurer.
Replacement Vehicle
€30
When specifically agreed in the contract, reimburses rental costs for a replacement vehicle for up to 15 calendar days per policy term, at up to EUR 30 per day, paid without deduction of the deductible.
Driver and Passenger Accident Insurance
Covered
The IPID states that driver and passenger accident insurance for injuries sustained in a recognized road-traffic accident is included in the KASKO product; specific sums insured and limits are set under separate accident-insurance terms not included in the reviewed source set.
Key conditions
Driver age and experience limit
If the vehicle was driven by a person younger, or with less driving experience, than stated in the contract, the indemnity for vehicle damage or total loss is reduced by 20%.
Repair network requirements
Repairs are carried out at the manufacturer's authorized dealer (if the 'Dealer Service Repair' option is chosen or the factory warranty is valid), at the insurer's partner workshop, or at a repair shop chosen by the client (excluding manufacturer-authorized workshops), reimbursed up to standard local market rates.
Territorial scope
Coverage territory is selected at inception from three options: Baltics only; Europe (Baltics plus most EU/EEA states); or Europe+CIS (adds Belarus, European Russia west of the Urals, Moldova and Ukraine). A 20% reduction of the indemnity applies to events occurring in the CIS territory.
Anti-theft requirements
Coverage is conditional on the vehicle being fitted with, and keeping in working order, the security systems specified in the contract; failure to have them installed, functioning or engaged, or leaving keys/control devices easily accessible, results in denial or reduction of the claim.
Claim notification deadline
The policyholder, insured, authorized user or beneficiary must immediately, as soon as possible, notify the responsible authority (police, fire and rescue service, etc.) of the event and submit the claim application to the insurer; the T&C does not specify a fixed number of days.
Deductible rules
No deductible applies to vehicle-damage claims from road accidents in Latvia where the at-fault party's MTPL insurer is identified; otherwise the contractual deductible applies for damage/theft-of-parts and a separate deductible for theft/robbery and for total loss; from the second claim in the policy period the damage/theft-of-parts deductible is at least EUR 150; where multiple deductible rules could apply, only the single largest deductible is applied.
Policy specifics
Driver and Passengers Accident Insurance
Additional coverage for injuries to driver and passengers included in standard CASCO product
SourceTerritorial Coverage Options
Multiple coverage zones available: Baltics only, Europe, or Europe+NVS
SourceReplacement Vehicle Service
Provision of replacement vehicle during repair period following insured event
Source24/7 Roadside Assistance
Round-the-clock technical assistance for vehicle breakdowns and emergencies
SourceDeductible (Excess) Amount
Policyholder must select deductible amount that applies per each insured event
SourceIntoxication Exclusion
Coverage does not apply if driver was under influence of alcohol or drugs
SourceTire Wear Assessment Method
Tire wear determined per Latvian Motor Insurers' Bureau technical expertise methodology
SourceVehicle Operational and Security Requirements
Vehicle must be properly maintained, locked when unattended, and equipped with required safety systems
SourceClaims Reporting Timeframe
Insured must report claim promptly; specific timeframes differ by event type (damage vs. theft)
SourceVehicle Valuation and Repair-Cost Assessment Method
Repair costs and the vehicle's pre-loss market value are determined according to the Latvian Motor Insurers' Bureau's approved technical expertise methodology in force at the time of the event.
Source