Property Insurance

An insurance declaration is the information a client provides to an insurer before issuing a policy: about themselves, property, risks and circumstances important for insurance

Actual cash value of property is the value of an insured item on the date specified by the contract, taking account of its characteristics, condition, age and depreciation.

Additional risks are events that are not included in basic insurance but can be added to the policy for an extra fee or through an extended program

All Risks is a type of insurance coverage where property is protected against various sudden damages, except for cases directly excluded by the contract.

A specialist who determines and explains the value of property. For a damaged car, an appraisal helps estimate repairs but does not replace the insurer’s decision on payment.

An assistance company is a service partner of an insurance company that helps the client arrange medical, technical or other urgent support under the policy.

Cargo insurance protects goods being transported from damage, loss or theft during shipment from one place to another.

Compensation for damage is reimbursement for harm or losses that a person suffered after an unpleasant event. Put very simply, it is an attempt to return the affected person at least roughly to the financial position they were in before…

Comprehensive property insurance is a policy that protects several objects or risks at once, such as a building, renovation, furniture, equipment, goods and liability to third parties.

Corporate insurance is insurance protection for companies, including employees, property, liability, transport, cargo and other business risks

Damage to or destruction of equipment permanently fitted to a vehicle that was not part of its factory specification. Compensation depends on the contract.

Directors and Officers Liability Insurance (D&O) protects company directors and officers against personal financial losses from claims related to their management decisions, mistakes or actions at work.

A dwelling fire policy is insurance that helps cover damage to a house or apartment if the home is affected by fire or related events.

An earthquake is strong shaking of the ground caused by movement in the earth’s crust, which can damage houses, apartments, buildings, roads and property.

Evacuation in insurance is assistance with moving a damaged vehicle, property or person to a safe place if this service is included in the policy.

An insurance adjuster is a specialist or organisation that investigates an insured event after it happens, assesses the causes and amount of damage, and prepares a report to help settle the claim.

Maximum possible loss is the largest damage that could theoretically occur to an insured object under the worst-case insured event scenario

Movable property means items that can be moved, while immovable property means objects firmly connected to land, such as a house, apartment, building or land plot

This is insurance that protects property against damage, loss, destruction, or other losses directly listed in the policy.

Renewable energy is energy produced from natural sources that are constantly replenished, such as sunlight, wind, water, biomass and heat from the earth.

Replacement cost is the amount needed to restore, repair or replace damaged property with a new equivalent without deducting depreciation, if the policy provides for this.

Robbery is the open taking of someone else’s property, when the person understands that their item is being taken and the offender does not act secretly

Vehicle type is the category of a car or other transport, such as a passenger car, truck, bus, motorcycle or special-purpose vehicle.