Insurance protection for Apartment associations or Commercial properties
In cooperation with PZU Kindlustus, we offer our customers:
- Apartment association insurance, which covers the part of the apartment building, structures, or other common property owned jointly by apartment owners;
- Commercial property insurance, which provides coverage for real estate and/or movable property used in business activities.
Before concluding an insurance contract, please review the following on the PZU Kindlustus website:
- Insurance product information document, which provides an overview of the insurance service;
- General terms and conditions of insurance contracts;
- Terms and conditions of insurance product, which provides a complete list of insured events and covers, sums insured and indemnity limits, as well as payment restrictions and exclusions.
If necessary, consult an expert by calling SEB customer support at 665 5100
Apartment association insurance
Insurance for apartment associations is beneficial for all apartment associations, as it covers the part of the apartment building, structures, or other common property owned jointly by apartment owners.
Apartment association insurance consists of property insurance and liability insurance.
Why choose PZU Apartment association insurance?
In addition to standard property insurance coverage, you are also compensated for:
- Internal failures and overvoltage damages to building technical equipment (such as elevators, ventilation systems, heating devices, etc.)— if all-risk insurance is included;
- Damage to fences, barriers, or other structures up to a value of 20,000 euros (for example, a fence with a gate system, flagpole, children’s playground, etc.).
Liability insurance losses are also covered in the following cases:
- If rainwater has penetrated the building structures into a private area and caused damage, provided that such an incident has not occurred in the building in the past three years;
- If damage has occurred to a private area due to a blockage in the shared sewage system.
Commercial property insurance
Company insurance provides coverage for real estate and/or movable property used for entrepreneurship in Estonia.
This is an integrated solution that contains the following types of insurance:
- property insurance;
- business interruption insurance;
- insurance of electronic equipment;
- liability insurance.
If you do not wish to opt for all these types, you can also enter an insurance contract for a specific type or types. Nevertheless, you must bear in mind that the contracts for business interruption, electronic equipment and liability insurance can only be entered into with property insurance.
Why choose PZU commercial property insurance?
Along with the building, the following are insured:
- Fixed external utility lines connected to the building, such as gas, oil, heating, water supply, sewage, and steam pipelines, as well as electrical wiring up to the property boundary, but not beyond the general connection points (points of connection);
- Antennas, surveillance cameras, lighting fixtures, advertising signs, awnings, etc., that are permanently installed on the exterior walls or roof of the building, as well as structures belonging to the building (e.g., flagpoles, advertising pillars, barriers, shelters up to 20 m²), with a total value of up to 20,000 euro.
If inventory and equipment are insured:
- Based on a list of insured items, any item acquired during the insurance period that is not listed is also considered insured, provided its value does not exceed 10% of the total insured sum of the listed items, up to a maximum of 15,000 euro;
- Without a list of insured items, all tangible property (main and minor assets) located at the insured site is considered insured. Additionally, inventory and equipment acquired during the insurance period are also insured.
Property that is not included in the list of main and minor assets but for which there is an insurable interest is also insured – up to a value of 5,000 euro, unless otherwise agreed.
Insurance contract conclusion
Ask for an insurance offer on SEB webpage
We will contact you to prepare an insurance offer
We will forward you the insurance documents and the invoice for the payment of the insurance premium
Contacts
If you have any questions about concluding a new insurance contract,
please call SEB customer support at +372 665 5100
If you have any questions about your existing insurance contract,
please call PZU customer support at +372 622 4545
Terms and conditions of Apartment association insurance and Commercial property insurance
What to do in the case of an insured event?
Other insurance solutions
Vehicle and construction machinery insurance
- Insure various types of company vehicle including special technique and building machinery
- Motor third party liability insurance and Casco All-risk insurance cover
- Individually prepared insurance solution adapted to the specifics of the company's industry
Insurance for your employees
Why is there value in employee life insurance?
- Taking care of financial security of employees family
- Additional motivation of employees
- Better image of the employer
PZU is AB "Lietuvos draudimas" Estonian branch trademark in Estonia. AB "Lietuvos draudimas" is a Lithuanian insurance company, that is part of the international PZU Group. AS SEB Pank and AS SEB Liising act as the insurance agents of the Estonian branch of AB "Lietuvos draudimas" and have been entered into the list of insurance intermediaries published on the website of the Estonian Financial Supervision Authority. The list is available at www.fi.ee.
An insurance agent receives an agency fee for mediating the insurance, which is included in the insurance premium. The agency fee payable by PZU to the agent is 16% of the insurance premium for Apartment association insurance and 16% of the insurance premium for Commercial property insurance.