Why am I being charged for insurance with my rent?

The rental asset must have a valid all-risk insurance policy with Siemens Financial Services as the beneficiary. If you have not insured the equipment yourself, the insurance provided by Siemens Financial Services together with Willis Oy Ab will be added to the contract. In this case, the insurance will be charged on the rental invoice.

If you wish to insure the equipment yourself, you must provide us with a valid insurance certificate.

The insurance certificate must contain the information listed below:

- Insured equipment/contract number AXXXXXXXX
- Beneficiary Siemens Financial Services, branch office in Finland
- Insurance number
- The insured value of the equipment (monthly instalment*contract period in months). Any prepayment/residual value should also be included
- Insurance must be comprehensive (registered equipment must have traffic insurance and collision coverage)

You can ask our customer service for more information about our insurance.

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