PROPERTY INSURANCE AS AN INSTRUMENT FOR PROTECTING PROPERTY ASSETS

The author examines property insurance with a particular focus on its indem- nity nature, which is a fundamental component of insurance legislation. According to the author, property insurance creates a win-win situation for individuals who choose this form of protection for their material interests. Based on practical experience, it can also be argued that the insurance industry holds a natural monopoly, as there is no alternative instrument that off ers such comprehensive protection under com- parably favorable fi nancial conditions. Special attention is given to the relationship between property insurance and the principle of indemnifi cation. To fully leverage the benefi ts of insurance coverage, it is essential to adopt a strategy for promoting property insurance and enhancing public literacy in this area. Someone who invested in insurance is in a more advantageous position than one who has neglected to do so.

Keywords: assets, property, insurance, protection, indemnity principle, literacy