Insurance coverage provides you and your loved ones with a feeling of financial security upon applying for a loan. Home and mortgage loan contracts enable you to conclude loan protection coverage. This protects you in the event of unemployment, incapacity for work and severe health impairment and in case of death due to illness or accident. Collateral insurance protects the apartment or house being security for a loan.
It is possible to conclude Loan Protection coverage with a home loan, which provides insurance coverage for fulfilling the loan repayment obligation. Loan protection offered by SEB Elu- ja Pensionikindlustus and PZU Kindlustus* involves insurance solutions that help the policyholder to ensure that in the event of unemployment, severe health impairment, incapacity for work or death the loan or part of will be repaid to the bank.
Choose insurance coverage based on your needs for the entire loan period.
The insurance period of life insurance cover shall commence upon concluding the insurance contract and shall last until the end of the loan period. The insurance period of severe disability cover, temporary disability cover and unemployment cover shall be one year and it shall be extended automatically, unless the bank is informed of a wish to terminate the insurance contract.
Insurance premiums shall be paid together with loan repayments every month until the end of the loan period. The amount of the insurance premium depends on the actual loan repayment amount and/or loan balance.
SEB Loan Protection coverage can be concluded quickly and conveniently together with a new SEB home loan and mortgage loan contract or for an existing loan contract, by signing up for a consultation. In order to conclude loan protection coverage, you must be 18-55 years of age and a permanent resident in Estonia.
In case of an insured event you should inform SEB Elu- ja Pensionikindlus of the event at the first opportunity by calling 665 8020 or emailing to . Further information on loss adjustment can be found here
Important information about collateral insurance
As a borrower, we request that you make sure that the house or apartment established as collateral for the loan agreement is insured. Submit a copy to the bank within 10 days from the date the guarantee contract is concluded. Every subsequent policy must be submitted to us 5 days before the expiration of the valid policy by sending an e-mail to or bringing it to the nearest SEB branch.
Upon entering into a home insurance contract, make sure to consider the following points:
Please note that the bank accepts the insurance policy only if all the abovementioned requirements have been fulfilled.
The property established as the collateral of the loan can be insured in the following preferred insurance companies:
We also accept insurance contracts concluded with other insurance companies if these contracts guarantee an equivalent insurance cover.
Ask for a collateral insurance quote here
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