Svedea AB
Svedea
Svedea is a motor casco insurance for the Sweden market with online purchase and limited assistance availability.
Direct payment
Svedea decides whether a claim is settled by repair, replacement or cash compensation. If the car was bought on instalment/credit or is privately leased, Svedea has the right to pay compensation directly to the seller (up to the outstanding claim) or to the owner instead of the policyholder.
Geographic scope
Sweden (nationwide)
Casco cover applies in the countries connected to the Green Card system and during transport between them. If the vehicle has been abroad for more than 182 days in the last 12 months when the damage occurs, the insurance does not apply. The lay-up (avställning) insurance only applies in Sweden.
Unique selling points
- Repair your car at any workshop you choose, with no restriction to an approved repair network.
- Stone-chip windscreen repairs are free of charge under both half and full insurance.
- Ranked Sweden's most satisfied motor-insurance customers six years running according to Svenskt Kvalitetsindex (SKI).
- The XL add-on removes the roadside-assistance deductible for up to three call-outs per insurance year, instead of the standard SEK 2,000 excess.
- The XL add-on bundles up to 65 days of rental-car cover, psychologist-led crisis therapy, and accident/death lump sums into a single upgrade.
Coverage limits
Own vehicle damage (Vagnskada)
Covered
Only in Helförsäkring
Covers damage to the insured car caused by a traffic accident, vandalism (skadegörelse) or another external accidental event (e.g. a falling tree), including during transport on another vehicle such as a ferry. Compensation is based on the car's market value immediately before the damage, part of Helförsäkring only.
Total loss / new-value replacement (Nyvärdesersättning)
Conditional
Only in Helförsäkring
If the car cannot economically be repaired, or is not recovered after theft, it is valued (with equipment) at market value. New-value replacement with an equivalent new car applies only if: the car was sold by a Swedish general agent and series-produced; repair cost exceeds 50% of the purchase price; the damage occurred within 1 year of first registration; the policyholder bought the car new (not demo/company car) as first registered owner; and the car has been driven at most 2,000 mil.
Repairable damage settlement
Covered
Only in Helförsäkring
For repairable damage, Svedea decides whether the claim is settled by repair, cash or replacement with similar property, and where the item is bought or repaired; the policyholder may use a repair shop of their own choice. Equipment/accessory age-based deductions apply on top of the deductible (e.g. tyres, rims, audio equipment on a fixed depreciation scale).
Theft and robbery
Covered
Only in Halvförsäkring, Helförsäkring
Covers theft, unlawful taking (tillgrepp) or robbery of the car, and damage from attempted theft/robbery, including theft of accessories (e.g. extra lights, audio system). If the car is not recovered within 30 days of the police report and claim notification, a loss payment is made. No deductible applies if the car is found again thanks to a tracker or marking, provided other security requirements were met.
Glass damage
Covered
Only in Halvförsäkring, Helförsäkring
Covers damage where the windscreen, side window or rear window is crushed, cracked or pierced, e.g. by stone chips. Stone-chip windscreen repair is free of charge. Damage caused by collision, rollover, driving off the road, or deliberate vandalism, and damage to sunroofs or headlight glass, is excluded (covered instead under Vagnskada in Helförsäkring). If several windows must be replaced, a deductible applies per window.
Other external accidental events (e.g. weather/falling objects)
Covered
Only in Helförsäkring
Damage from an external accidental event such as a tree falling on the car is covered under the Vagnskada part, which is only included in Helförsäkring. It is not covered under the Halvförsäkring Allrisk part, which is limited to sudden damage to the car's interior/boot, keys, and misfuelling.
Vandalism (skadegörelse)
Covered
General vandalism to the car body is covered under Vagnskada, only included in Helförsäkring; the applicable deductible is reduced by 50% for such damage. Under Halvförsäkring, vandalism is only covered when it occurs in connection with an attempted theft or robbery (Stöld part). With the XL add-on, the deductible for vandalism is removed entirely (subject to a vagnskadegaranti cap of SEK 6,000 where relevant).
Roadside assistance (Vägassistans)
Covered
Covers towing/recovery and transport of driver, passengers, the car, an attached trailer and luggage following theft, damage or breakdown during a journey. Standard deductible is SEK 2,000. With the XL add-on the deductible is removed for up to 3 call-outs per insurance year.
Rental car (Hyrbil, XL add-on)
Optional
Only in Tillägget XL
Available only with the XL add-on. Covers 75% of the daily/mileage cost of a standard-equipped rental car of comparable size for up to 65 days from the day the car became unusable due to a covered claim (or vagnskadegaranti); reduced to 8 days if the machine/electronics age or mileage limits (10 years / 15,000 mil) were exceeded. A cash alternative of SEK 200/day can be chosen instead. Svedea also covers the rental car's own deductible in case of fire/theft/glass/vagnskada up to SEK 10,000 (SEK 3,000 if the policyholder's own car has no vagnskada cover).
Accident and death cover (Olycksfall/Dödsfall, XL add-on)
SEK 1,000,000
Only in Tillägget XL
Available only with the XL add-on. Pays SEK 10,000 lump sum for acute hospitalisation of at least 3 consecutive nights. For permanent medical/psychological invalidity of at least 25% arising within 3 years of the accident, compensation is paid from a SEK 1,000,000 sum insured proportional to the invalidity grade (assessed per the industry table); the sum insured is reduced by 5% per year from age 50 up to age 65. On death, SEK 100,000 is paid to the driver's and/or passenger's estate each.
Key conditions
Driver age and experience limit
Drivers under 25 years old at the time of an accident face an increased 'youth deductible' on both the traffic-injury and vehicle-damage parts (only one youth deductible is deducted if both apply); this does not apply to sudden animal collisions.
Repair network requirements
The policyholder may choose their own repair shop; Svedea decides whether a claim is settled by repair, cash compensation or replacement, and has the right to decide where the property is purchased or repaired.
Territorial scope
Casco cover applies in countries connected to the Green Card system and during transport between them; cover ceases if the vehicle has been abroad for more than 182 days in the preceding 12 months when the damage occurs. Lay-up (avställning) insurance only applies in Sweden.
Anti-theft requirements
When the car is left, the cabin, steering and ignition locks must be locked; keys must not be stored or hidden near the car and must not carry information about name, address or registration number; removed parts, equipment and accessories must be securely fitted or locked in a space only the policyholder or family can access.
Claim notification deadline
A damage event must be reported to Svedea in writing as soon as possible; theft, vandalism or other crime must also be reported to the police and the report attached to the claim. The right to compensation lapses if legal action is not brought within ten years of the event, though the policyholder always has at least six months from Svedea's final decision.
Deductible rules
If several damages occur at the same time and give rise to compensation from several parts of the policy, only the highest single deductible is deducted — except deductibles for the traffic-injury, allrisk, liability and legal-expenses parts, which are always charged in addition. Animal collisions and vandalism reduce the chosen vagnskada deductible by 50%. A directly-imported car pays double the machine/electronics deductible (capped at SEK 12,000). The XL add-on removes the deductible for roadside assistance (up to 3 times per insurance year), animal collisions and vandalism.
Where to buy
Policy specifics
Rental car coverage
Coverage for rental car costs up to 75% of daily and mileage rates for a standard-equipped vehicle of comparable size during repairs; maximum 65 days.
SourceCrisis support
Professional psychological crisis therapy for drivers and passengers following accidents, available through XL addon.
SourceAccident compensation
Coverage for medical invalidity and/or mental functional impairment following accidents, with compensation based on grade of invalidity up to 1,000,000 SEK.
SourceGlass coverage
Covers damage to windshield, rear window, and side windows due to stone chips or cracks in both half and full insurance.
SourceMachine and electronics coverage
Covers sudden and unforeseen mechanical or electronic failures affecting vehicle function, such as engine breakdown or control system problems; applies to series-produced cars up to 10 years or 15,000 miles.
SourceVehicle damage coverage
Covers damage to the insured vehicle caused by traffic accident, vandalism, or animal collision; exclusive to full insurance.
SourceAll-risk coverage
Covers damage caused by external accidental events such as falling trees, weather damage, etc.
SourceTheft coverage
Covers theft of vehicle and damage resulting from theft, including theft of vehicle accessories such as lights or audio systems.
SourceLegal protection
Covers legal costs for disputes that can be tried by general courts arising during the insurance period.
SourceFire coverage
Covers damage caused by fire, lightning strike, or explosion; includes damage from electrical cable short circuits.
SourceYoung driver deductible
Enhanced deductible of 2,000 SEK applies if vehicle is driven by someone younger than 25 years old.
SourcePrimary user requirement
The person registered as owner of the vehicle must be the primary user of the vehicle.
SourcePermitted drivers
Vehicle may be driven by anyone holding driving licenses B, B-extended, or BE.
SourceRepair shop choice
Customer can choose own repair shop when repairs are needed, reducing distance and waiting time.
SourceAge and mileage limits
Machine and electronics coverage applies to series-produced cars maximum 10 years old or with maximum 15,000 miles.
SourceInformation disclosure duty
Conditions representing risk increase must be disclosed; failure may result in reduced or denied compensation.
SourcePremium adjustment right
Svedea has right to adjust premium during insurance period if risk level changes.
SourceSecurity requirements compliance
Non-compliance with security provisions in terms may result in reduced compensation.
Source