Lisakindlustus

Lisakindlustus is a term used in Estonia for supplementary insurance products that extend coverage beyond a base policy. These are typically voluntary and offered by private insurers to individuals or employers. Lisakindlustus is designed to fill gaps in existing insurance arrangements or to provide higher protection against specific risks.

Common forms of lisakindlustus include additional health cover (such as private hospital access or faster treatment), extended travel insurance, accident or disability insurance with higher payout limits, critical illness insurance, and enhanced motor or home insurance with higher limits or broader coverage. The exact terms, coverage limits, deductibles, premiums, and claim conditions are defined in the policy.

How it works: the insured pays a regular premium, and upon meeting the policy’s conditions a payout is made for covered events. Waiting periods, age limits, and exclusions may apply. Some policies are cancellable or renewable with potential premium changes over time.

When to consider: lisakindlustus can be suitable if the base policy does not cover certain risks, if the potential financial impact of a loss is larger than the existing coverage, or if a higher level of certainty and comfort is desired. It is important to compare different policies, understand exclusions, premiums, and how they integrate with current coverages.

Regulation and consumer protection: insurance products in Estonia are subject to national law and supervision by the Estonian Financial Supervisory Authority (Finantsinspektsioon). Consumers are advised to read policy documents carefully and seek independent advice if needed.