Acceptable Insurance companies and insurance requirements

Considering that when entering into a leasing agreement, the lessee is obligated to insure the leased property with comprehensive motor insurance (kasko) for the benefit of the leasing company and provide relevant data to the leasing company, we present the essential insurance-related information below. Despite the information provided below, please note that additional conditions may be stipulated in the leasing agreement. Therefore, we strongly recommend carefully reading the contract in all cases and promptly contacting the representatives of the leasing company if you have any questions.

Owner of the insured object

The leasing companies with which you have entered into or can enter into a leasing agreement are listed below. Information about the leasing company with which you have entered into an agreement is specified in the leasing contract.

• UAB Citadele Factoring (unified registration No. 126233315) or
• SIA Citadele Leasing Lithuanian Branch (unified registration No. 302629475) or

Beneficiary

According to the insurance contract, the beneficiary must be the leasing company.

Insured sum

Market value of the insured object (leasing object) or new value if vehicle is new.

Duration of the insurance agreement 

Duration of the leasing agreement (policy can be annual).

Insured risks

Damage, destruction, fire, natural disasters, lightning strike, unlawful actions of third persons (theft, robbery, entry (intrusion)), road traffic accidents – if the object participates in road traffic.

Approved insurers

Please note that the list of leasing companies provided below may be unilaterally changed by the leasing company. Therefore, before independently entering into an insurance contract, always verify whether the insurance company is acceptable to the leasing company. If you conclude the insurance contract through the leasing company’s Partners (details provided below), you are not separately obligated to verify the acceptability of the insurance company, as this is performed on your behalf by the leasing company’s Partners.

• ERGO Insurance SE Lietuvos filialas
• If P&C Insurance AS filialas
• Akcinė bendrovė „Lietuvos draudimas“
• Seesam Insurance AS Lietuvos filialas;
• Akcinė draudimo bendrovė "Compensa Vienna Insurance Group"
• AAS "BTA Baltic Insurance Company" filialas Lietuvoje
• Akcinė draudimo bendrovė "Gjensidige"
• BALCIA INSURANCE SE Lietuvos filialas
• Swedbank P&C Insurance AS

Partners

Here, we provide information about insurance and reinsurance service providers and insurance intermediaries with whom the leasing company collaborates. With your consent or in the course of contracts concluded with you, your data will be shared with these entities. Please note that the list of leasing companies provided below may be unilaterally changed by the leasing company. We remind you that your data will be processed by the leasing company in accordance with the privacy policy published at www.citadele.lt. Additionally, if you have given consent to receive insurance offers or marketing-related information, you can revoke this consent at any time by submitting a request to privacy@citadeleleasing.lt. The withdrawal of consent will not affect the lawfulness of processing your personal data prior to the revocation.

• Aon Baltic, Uždaroji akcinė draudimo brokerių bendrovė, company code: 110591289, correspondence address: A. Goštauto g. 40B, LT-03163 Vilnius, Lithuania, website: www.aon.lt. Aon Baltic serves as a consultant to the leasing company and its clients on insurance matters, providing acceptable insurance proposals to the leasing company. Additionally, the leasing company utilizes this partner’s offerings when exercising its right to insure assets (in cases where the lessee fails to fulfill this obligation or is not adequately informed about it).
• AAS "BTA Baltic Insurance Company" Lithuanian Branch, company code 300665654, correspondence address Laisvės pr. 10, LT-04215 Vilnius, Lithuania, www.bta.lt. The leasing company is an affiliated intermediary/agent that advises lessees purchasing cars from official Toyota representatives in Lithuania on insurance matters, prepares insurance proposals, and insurance contracts.

Excess

The excess of the insured person or the insurance policy holder shall not, in the case of the theft/robbery and destruction of the leasing object, exceed 15% of the market value of the leasing object, but in cases of damage it shall be determined in an amount which does not exceed the following minimum excess values:

Passenger car (up to 3.5 t)

Commercial passenger cars, tractors, trailers, semi-trailers, objects of industrial and other leasing