Insurance of property of enterprises

Property - it is material values and things that are in use or possession of a legal or physical person. Usually, property law becomes interesting for citizens or any other entities in cases when all sorts of unforeseen events occur that entail damage to personal belongings (theft, flooding, destruction, destruction, etc.).

Insurance of property of enterprises. This action can extend to:

- Property of the state agricultural enterprise, state farm, collective farm.

- Property of a state - owned enterprise (association, organization).

- The property of a public or cooperative organization.

- Property of a tenant and an agricultural enterprise (does not include collective and state farms).

- State structure leased by individuals or an organization.

- The property of a religious organization.

- Property of a foreign natural or legal person in the Russian Federation.

- The property of a foreign and Russian natural or legal person abroad.

In those cases when it is necessary to carry out property insurance of enterprises on a voluntary basis, the following objects are not suitable: securities, cash, documents, structures, structures and other types of property located in the disaster zone.

Registration of goods, products, equipment, vehicles, agricultural equipment, facilities is included in the insurance of property of agricultural enterprises. The conditions for presenting property interests are similar to those in which ordinary property insurance of enterprises occurs. However, insurance protection is provided only if there is an unintended nature of the property damage that has occurred.

Basic rules for damage assessment:

- Moral costs should not be paid.

- The future incomes and losses that have occurred as a result of the damage are not taken into account with insurance payments.

- The owner has the right to claim the difference in value that arose during the validity of this policy.

- It is not the price, but the value of the goods at the time of receiving damage, destruction, etc., that is determined.

If the property of the enterprise is insured, it falls under the following valuation rules:

- Construction in progress - the expenses for labor and material resources that were made by the time of this insurance are paid.

- Revolving fund - the amount of payments is determined by the average market price, as well as the actual prices of the current production.

- The basic fund - is determined by the maximum book value, which does not exceed the necessary restorative at the time of the loss of the insured item.

- Products processed and in the process of production - the amount paid includes the cost of materials, labor and spent raw materials, which is determined by the average prices for these types of work.

Partial and full insurance is possible, which, accordingly, is expressed as a percentage of the value paid in unforeseen circumstances.

The general formula for determining damage is:

Amount of damage = cost of insurer's assessment - amount of depreciation + expenses for salvaging property - value of balances

Enterprise property insurance pays special attention to compensation for losses in cases where some of the property is preserved in a damaged or worsened condition. In this case, the insurer can determine the cost of losses that will arise when selling products of this quality. However, when the policyholder does not consider the property to be destroyed in full, the landlord has no right to pay a full refund.