Property Insurance
The Insurance of goods is a relatively recent category of insurance, appeared at the end of the XIXth century in England, on the Lloyd's market. The first insurance policy was issued after the big London fire (1666) and covered only the fire risk.
Presently, this type of insurance covers not only fire, but also the most various events: catastrophes (natural/technological/ecological), theft, plunder, riots, strikes and/or wars. In the genetic category insurance of goods we have two groups:
Presently, this type of insurance covers not only fire, but also the most various events: catastrophes (natural/technological/ecological), theft, plunder, riots, strikes and/or wars. In the genetic category insurance of goods we have two groups:
- real estate goods: lands, buildings for offices, factories, homes, warehouses, garages;
- movable goods: raw materials/merchandise in the manufacturing process, in warehouses, in custody, goods under the manufacturing process, equipment, patents, furniture, money and/or actions.