Swedbank has expanded its home insurance coverage for customers in Lithuania, Latvia, and Estonia. The new offer includes coverage for damages caused by war, military operations, armed political conflicts, terrorism, mass disturbances, and riots.
The insurance will also cover damages caused by drone attacks. Swedbank defines war as an armed conflict between two or more sovereign states.
However, the extended home insurance does not cover or compensate for damages resulting from wars between two or more of the five world powers: the United States, China, France, the United Kingdom, and Russia, writes The Moscow Times. The use of chemical, biological, and nuclear weapons, as well as cyber and electronic attacks, are also excluded.
The new terms come into effect on August 6. Swedbank initially offers an additional six-month coverage to all customers in the Baltic states.
At the beginning of August, The Wall Street Journal, citing American intelligence services, reported that Russia might launch a “limited attack” on a NATO country in the coming years to test NATO. Among the possible scenarios was a “small land incursion” into Lithuania, Latvia, or Estonia.
At the end of August, these concerns were amplified by the surprise visit to Moscow by the CIA director, John Ratcliffe. According to the Wall Street Journal, he warned the Russian authorities against attacks on the Baltic states.