One of the first areas in the field of property insurance has arisen such an industry where the material wealth of individuals is insured. Why is this necessary? Property insurance of citizens is carried out in order to prevent a possible threat to existing personal assets.
When is it used?
It is used in case of death, destruction, damage or loss of property of a citizen, which resulted in an accident, natural disaster or any other adverse event. The property of a citizen is considered to be consumer goods and household goods, home furnishings that are used on the farm and are intended to satisfy the cultural and domestic needs of the whole family.
Securities, documents, religious objects, collections, manuscripts, banknotes, antique and unique objects, jewelry, stones cannot be objects of property insurance of a citizen.
There are several groups of insurance objects: vehicles, animals, household property, buildings.
What is citizens property insurance?
Property insurance object physical persons is a certain property interest, which is directly related to the constitutional property right of citizens.
Objects of insurance of this kind are not related to the life and health of citizens, do not affect the realization of their personal inalienable rights, that is, they are not of a personal nature.
Such insurance is carried out on a voluntary basis and, as a rule, concerns the property or material interest of individuals. The material goods subject to insurance must belong to the policyholder on the basis of property rights.
The right of ownership assigned to special facilities also carries a share of risks in the use, disposal and disposal of them.
Why do I need property insurance for citizens? By insuring their property, individuals automatically relieve themselves of unforeseen losses and expenses that may arise in the process of exercising their property rights.
In case of damage to the full or partial insured property, its local or absolute loss, the policyholder is guaranteed receipt of compensation.
According to the norms approved by the Civil Code of the Russian Federation, property of citizens in special treatment can be insured in a dual way, that is, an individual has the right to protect his assets with several insurers. This is a voluntary insurance of property of citizens.
Dual insurance
Under the dual, which is also sometimes called multiple, the method of insurance understand the insurance of one property from several different insurance companies in an amount greater than its real value. In relation to this type of insurance, several rules apply:
- If an insured event occurs, each insurer will pay only a part of the full amount of insurance payments, which is proportional to the share of the insurance premium received by him in the total premiums received by all insurers as a result of the double insurance process.
- When insuring property already insured with other organizations, the applicant must inform the insurer in writing of information about other insurance amounts and insurers.
According to the law, things or objects owned by one person having rights to them are untouchable. Objects subject to property rights and of particular value are subject to insurance.
For example, of those owned by property nat. to a person of a land plot and household items, insurance is subject only to a land plot of special value and for which a certificate must be issued in a special manner. And on the basis of this title document will be drawn up a property insurance contract for an individual.
What features does insurance of property of citizens have? Let's consider further.
Features
In the case of a risky event, individuals see the main purpose of insuring their property as an opportunity to receive damages or monetary compensation.
Citizens of the Russian Federation are irresponsible in relation to property insurance. But in vain. Natural disasters annually destroy cities and towns, leaving thousands of people homeless. Recent natural disasters that swept across Asian countries are an example. Property insurance in Asia is poorly distributed (exceptions are Singapore, Korea and Japan), so the damage caused by natural disasters fell on the shoulders of the owners, whose houses were almost completely destroyed.
You need to know the basic rules of insurance of property of citizens.
In European countries, in 90% of cases, property owners try to protect their life practices and insure themselves in advance.
The insurers guarantee receipt of compensation if an individual has an insurance policy in case of fire, theft, theft and robbery, damage to property by third parties through negligence or intentionally, as well as when exposed to atmospheric and natural phenomena, water damage.
These are the conditions of insurance of property of citizens.
Damage to a neighbor
Individuals can also protect themselves from harm to neighboring property. In case of unforeseen circumstances, the insurance policy will be an excellent help, because the principle of compensation for damage is the basis of this type of insurance.
- The insured person must declare the occurrence of such an event within 3-4 days. The application must inform where and under what circumstances the incident stipulated by the contract occurred, and all property objects damaged or destroyed must also be reflected in the application.
- Then there is a verification of the fact of the indicated circumstances, verification of compliance with their insurance conditions. Payment to compensate for damage or destruction of property is covered by the insurance policy. For each case, an act is compiled on the occurrence of the insured event. This is how property insurance for citizens takes place in the Russian Federation.
rules
If an insured event occurs, an individual, regardless of how the insurance was carried out, voluntarily or necessarily, must contact the competent authorities and the insurer. After the period established by law after the notification is sent, the policyholder must submit documents to receive compensation.
The package of documents includes: insurance certificate, receipt of insurance premium payment, certificate of confirmation of the insured event, documents disclosing the reasons for the occurrence of the insured event and causing losses. Be sure to notify the insurer in the event of an accident, moreover, in strictly defined terms.
The plenum on voluntary insurance of property of citizens adopted these rules.
Compensation is paid after all inspections and the end of the investigation conducted by the emergency commissioner.
This must be done no later than a week from the date of application. Although this is not applicable to all companies.
The purpose of insurance payments is always set individually, based on the initial amount of insurance.
Insurance Amount
The amount that an object is insured for depends on its value and existing limits. As a rule, this amount cannot be higher than the real value of the object.The real value of the insured object is determined after conducting its economic assessment.
For example, an insurer needs to conduct a market assessment of a land plot owned by an individual and a house on it. They are evaluated separately, and only after that the insurer can calculate the amount of insurance for the insured.
Recall that of the payments received by the insured, the insured will still have to pay deductibles. Franchises are divided into two main types: conditional and unconditional. The most commonly used property insurance is a contingent deductible.
What can be the subject of insurance?
Almost any valuable property owned by citizens under the right of personal property can be insured.
Most often, citizens insure:
- plots of land;
- houses, apartments, utility rooms;
- household items, inventory;
- means of transport.
A separate insurance policy is compiled for each object (for example, on a land plot and on a house located on it). Voluntary insurance of property of citizens is now very common.
What are the risks?
The most common risks from which citizens insure their property:
- from property damage;
- its partial loss;
- complete loss, destruction of property.
Currently, civil liability to other persons associated with the damage of another's property is very popular. Risk is equal to the destruction of personal wealth. Drawing up a contract of civil liability can protect against problems arising from the contact interests of several owners.
This confirms the decision on voluntary insurance of property of citizens.
Voluntary and compulsory insurance
Most often, the property of individuals is insured in a voluntary form.
When leasing land plots that are in state or communal ownership, compulsory insurance is applied.
Types of insurance on a voluntary basis
One of the popular sites are buildings. In order for a particular structure to be insured, it must meet certain requirements: it must be immovable, that is, it must be constantly in one place, have walls and a roof.
Citizens Property Insurance Contract
At the beginning of the insurance contract, the parties shall be indicated. Non-state accumulative funds or companies licensed to conduct insurance activities are the insurer. The policyholder is an individual, company or organization.
A beneficiary in a civil liability insurance contract is a person whose property is at risk.
The basis for concluding the contract is an oral or written statement submitted to the insurer.
As a rule, an insurance contract is concluded for a period of several months to 1 year. If the insured amount does not exceed the proposed amount, the insurance company does not inspect the contract object. In other cases, the property is assessed based on its results, the insurance amount is determined, the amount of contributions calculated, and the procedure for insurance compensation payments is formed. On the basis of the concluded agreement, a special certificate is issued confirming this fact. The amount of insurance payments depends on the period of insurance, degree of risk and tariffs.
Insurance contracts between themselves are always distinguished by the volume of risks that they cover. This implies compulsory insurance of property of citizens.
It is possible, for example, to insure your apartment against all risks. Such an agreement provides insurance payments for the destruction or damage to property by any means possible. It is more beneficial for the insured to conclude agreements with certain risks clearly stated in the documents.
Especially valuable property
Contracts guaranteeing insurance of especially valuable home property are drawn up on a special form.
In modern society, property insurance is no longer a simple whim; it allows people to feel confidence in the future. Having a confirmation policy in their hands, citizens can not be afraid of negative atmospheric, economic and political phenomena.
When choosing an insurer, citizens should be careful not only when studying their pricing policy, but also the length of their stay in the insurance market, their social reliability and prestige, and the presence of international partnerships.
Conclusion
The direction of property insurance of individuals is gaining more and more popularity and distribution in the insurance sector. Individuals can protect their property right to property if it is exposed to insurance risks.
There is no clear list of objects subject to insurance. Do you want to insure an apartment or a car - please, animals, antiques, equipment - also not a problem. Everything that is valuable and valuable to you, everything can be insured. Voluntary insurance of property of citizens of the Russian Federation in some cases is very useful.