Property insurance contract application form
Property insurance - a type of insurance in which the object of insurance is a property interest related to the possession, use and disposal of property.
It is carried out mainly in the form of voluntary insurance, with the exception of insurance of state property transferred to rent. Insurers are any enterprises and organizations of various legal forms, as well as individuals.
Under property insurance contracts, any part (group) of property may be insured. Legal entities and individuals can insure property both in its full assessment, that is, at its real, real value, and in a certain share. When insuring property, the insured amount may not exceed its actual value at the time of conclusion of the contract. The actual value of the property is most often understood as the replacement (book) value. The parties cannot dispute the insured value of property defined in the insurance contract, unless the insurer proves that it was intentionally misled by the insured. If the sum insured determined by the insurance contract exceeds the insured value of the property, the contract is invalid by law in that part of the sum insured that exceeds the actual value of the property at the time of conclusion of the contract.