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Civil law. Part II. Types of insurance (most important)

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76. TYPES OF INSURANCE

The objects of insurance are the basis for the classification of insurance into branches, types, varieties, forms, systems of insurance relations.

Insurance objects there may be property interests related to:

a) life, health, ability to work and pensions of the insured or the insured person (personal insurance);

b) possession, use, disposal of property (property insurance);

c) compensation by the insured for damage caused to the person or property of a citizen, as well as damage caused to an economic entity (liability insurance).

When classifying insurance, differences are taken into account in the following circumstances: in the objects of insurance; in the categories of insurers; in the scope of insurance liability; in the form of insurance.

Insurance industries:

a) personal;

b) property;

c) liability insurance.

Types of personal insurance:

a) life insurance;

b) accident and illness insurance;

c) health insurance.

Types of personal insurance: children's insurance; marriage insurance; mixed life insurance; supplementary pension insurance; death and health insurance.

Types of property insurance:

a) insurance of means of ground, air and water transport;

b) cargo insurance;

c) insurance of other types of property;

d) insurance of financial risks.

Types of property insurance:

▪ insurance of buildings;

▪ insurance of fixed and working capital;

▪ animal insurance;

▪ home contents insurance;

▪ insurance of vehicles, etc.

Types of liability insurance:

a) liability insurance of borrowers for repayment of loans;

b) liability insurance of motor vehicle owners;

c) insurance of other types of liability.

Types of liability insurance:

in case of harm in the course of economic and professional activities; from losses due to interruptions in production, etc.

<< Back: Obligations of the parties under the insurance contract

>> Forward: Forms of insurance

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