Purchases made with SEB credit card starting from 10.03.2021 (for example, furniture, clothing, footwear, musical instruments, sports and leisure items, toys, household appliances, computer and other goods intended for long-term use) are insured.

Purchase insurance doesn’t require additional application, it is free of charge and also applies to online purchases.

Exceptions

Insurance object is not:

• items whose purchase price is over 1000 euros;
• used (not new) items at the time of purchase;
• items rented and/or leased;
• items that are not fully paid for at the time of insurance event, including items purchased on a post-paid basis;
• services, including prepaid services;
• motor vehicles, trailers, water and air vehicles, their equipment, parts and accessories equipment necessary for their maintenance;
• cash, stamps and coins, tickets, receipts, vouchers and other means of payment;
• precious stones, precious metals and items made using them;
• works of fine art, except the works of applied art;
• bear coats;
• animals, plants;
• weapons;
• food, beverages, medicine, items with a normal shelf life with less than 3 months and other disposable articles, including items intended for a single use;
• real estate, building, building materials, parts of buildings, equipment and accessories intended to be attached to buildings, such as air conditioners and heating equipment;
• small buildings, fountains, swimming pools, hot tubs and barrels, plat and/or climbing constructions, greenhouses, garages, walkways, enclosures, irrigation hoses and systems, etc.;
• items recycled, rebuilt and repaired at the time of the purchase;
• damaged or dirty items at the time of the purchase;
• items purchased for resale, business or professional activity;
• items left in a public space without supervision. “Supervision” means that the Insurer or legal owner of the Insurance object keeps the property in such a way that the Insured will immediately notice the theft or damage to the item;
• accumulators, batteries, filters, lights, engine belts, cassettes and other wearing parts;
• documents;
• collections;
• items, which the Insurer is prohibited from keeping in accordance with the law.

Insurance coverage start and expiration

Purchase insurance automatically takes effect as soon as the purchased product is handed over to you. Insurance lasts for 180 days from the date of purchase with your credit card.

Insurance cover ends before the term if within these 180 days your credit card expires and isn’t renewed or replaced.

Insurance coverage territory

The insurance is valid worldwide. It means that purchases made with a credit card in both Latvian and foreign online stores and places of trade will be insured.

What to do if an insurance event occurs

Please inform the insurance provider If P&C Insurance AS Latvijas filiāle as soon as possible about an insurance event. You can submit an application by calling at +371 67338333, in writing on the insurer’s website Application for purchase insurance indemnity (LAT) or by e-mail atlidzibas@if.lv, including:

• purchase receipt, as well as a receipt or internet bank statement that confirms that you made the purchase with a credit card;
• an estimate of the repair costs, including transportation costs, made by an authorised repairer;
• police report, if theft, burglary or robbery has occurred.

If P&C Insurance AS Latvijas filiāle will contact you if it will be necessary to ask for additional documents and evidence, clarify information about the circumstances of the insurance event, the amount of losses and possible liable persons, or agree on the possibility to inspect the scene or damaged property.

Insurance indemnity limit

• Annually – 4000 euros
• Per insurance object – 1000 euros
• Per insurance event – 2000 euros
• Per single insurance event for special objects – 400 euros
  The exact list is available in the Clause 32 of the Insurance terms and conditions

A deductible of 30 euros is applied per each insurance indemnity.

Payout of the insurance indemnity

After receiving all the necessary documents, a specialist of If P&C Insurance AS Latvijas filiāle will make a decision on the indemnity within 10 working days. You will be notified in writing about the decision.

The insurance indemnity will be transferred to your SEB current account by If P&C Insurance AS Latvijas filiāle. A deductible of 30 euros will be deducted from the insurance indemnity. The amount of indemnity depends on the condition of the item:

• if it’s reasonable and economically viable to repair the item, the compensation is based on the repair costs, including the necessary and reasonable transportation costs;
• if the item cannot be repaired or it’s not economically viable, or the item is stolen, the compensation is based on the purchase price of the item.

Insurance terms and conditions for purchases with credit cards (LAT)

What to do if an insurance event occurs (LAT)