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Collateral insurance

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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 7 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 varakindlustus@seb.ee or bringing it to the nearest SEB branch.

The insurance agreement must meet the following conditions:

  • the insurance must cover at least the risk of natural disasters, fire, water and vandalism in excess of the restoration value of the collateral;
  • the deductible can be up to 700 euros in the case of residences and up to 3,200 euros in the case of commercial objects;
  • AS SEB Pank is indicated as the beneficiary and mortgagee.

When concluding an insurance agreement, please make sure that the insurance agreement to be concluded or renewed meets the conditions of SEB as well as your insurance interest and covers all risks that you consider important to insure. For example, when insuring a water risk, SEB considers it important to insure at least against a water accident, but you might consider acquiring flood coverage important as well.

Before concluding an insurance agreement, please familiarise yourself with the terms and conditions of the insurance and exclusions specified therein.


The insurance undertakings preferred by SEB are the following:

  • AAS „BTA Baltic Insurance Company“ Eesti filiaal
  • AB „Lietuvos draudimas“ Eesti filiaal (PZU Kindlustus)
  • ADB Gjensidige Eesti filiaal
  • Compensa Vienna Insurance Group, ADB Eesti filiaal
  • ERGO Insurance SE
  • If P&C Insurance AS
  • Inges Kindlustus AS
  • LHV Kindlustus AS
  • Salva Kindlustuse AS
  • Seesam Insurance AS
  • Swedbank P&C Insurance AS


To insure the collateral, you can also choose another insurance company with the right to operate in Estonia, if the insurance contract to be concluded provides equivalent insurance coverage as the insurance contract offered by SEB's preferred insurance provider. 

In cooperation with PZU Insurance, we will help you find the best insurance solution

  • Risk mitigation in the event of unexpected events
  • 24/7 PZU Home Assistance service
  • Insurance cover for electrical or mechanical failures for home property and integrated kitchen appliances that are up to four years old
  • Home property insurance coverage for policyholders and family members worldwide

Ask for a collateral insurance quote here.

Before asking for an insurance quote and concluding an insurance contract, read the information document of the home insurance service, which provides an overview of the insurance service, the terms and conditions of home insurance, the general terms and conditions of PZU insurance contracts, and restrictions and exclusions on the payment of damages. If necessary, consult a specialist at 665 5100.