Need a hand?

To protect your property from unexpected circumstances, the bank will ask you to insure the property. Insurance can cover you for unexpected expenses in an emergency, such as a fire or flooding. If there is an emergency, you're responsible for any repairs needed.

Customers borrowing from Revolut can insure their property with our partner Lietuvos Draudimas. You can choose another insurance provider, as long as they offer coverage compatible with the minimum insurance requirements below.

You're responsible for renewing your property insurance coverage every year. Failure to insure the property will lead to a forced insurance process, where the bank will insure the property, and you'll be charged to cover this premium.

Revolut Bank UAB has to be listed as the beneficiary of the insurance policy. The property must be insured against destruction, damage, or loss due to the following risks:

• Fire (fire, explosion, and smoke and soot, etc.)
• Water (water supply damage, heating system, sewage network accident, and water penetration into the room)
• Natural force (flood, storm, rain, hail, snow pressure, soil subsidence, and slope)
• Third-party illegal acts

The property insurance value must equal the property’s restoration value, unless otherwise agreed. If more than one object is identified as collateral, all collateral must be clearly identified in the insurance contract. The property must be insured for the entire period of the loan agreement.

You can choose an insurance provider yourself, as long as the coverage offered meets or exceeds the minimum requirements on your mortgage loan agreement. Some insurers available on the market include:

• AB Lietuvos Draudimas
• AAS BTA Baltic Insurance Company branch in Lithuania
• ADB Gjensidige
• Compensa Vienna Insurance Group
• ERGO Insurance SE Lithuanian branch
• If P&C Insurance AS branch
• Swedbank P&C Insurance AS Lithuanian branch
• Balcia Insurance SE Lietuvos filialas

To purchase Lietuvos Draudimas property insurance in the Revolut app, select ‘Get Insured by Lietuvos Draudimas’, which will take you to the www.savald.lt website. If you're having difficulty purchasing a policy, they'll contact you directly. For any other questions, contact them through www.ld.lt.

Our insurance partner for home insurance is Lietuvos Draudimas, AB. You can contact them through www.ld.lt or www.savasld.lt. If you have insurance with another provider, contact them directly with any home insurance-related questions.

If you need to make a claim, contact your insurance provider directly. They'll help guide you through the next steps.