Property Insurance

ABSTRACT: The paper presents the topic regarding the insurance of assets, defining the insurance agreement and the notion of "asset" in the legal sense, the principles underlying the insurance, the classification of the assets, the distribution of the insurances according to their object, as well as the object of the insurance of assets mentioned in the insurance agreement. Also, the specific elements of this type of agreement can be found in the paper: the period of insurance of assets, the beginning and termination of liability, the insured interest- a condition imposed on the insurance agreement arising from the principle of damage compensation, the insured risk, that future and possible event, the conditions that an event must fulfil and also the insured case.

KEYWORDS: insurance, movable assets, immovable assets, insured risk, insured case