Let’s be honest – the issue of personal property insurance, home insurance in particular, is far from being among top-10 priorities for ordinary citizens. To my mind, it’s a shame. In the light of social economic level of development for vast majority of our peers depend on their dwelling as the only one real estate asset they own. Therefore it deserves to be treated accordingly. Nevertheless decision to insure alone might not do if you do not take the nuances into consideration. This article will reveal some of them.

Cargo insurance can boast constant demand in Ukrainian insurance market since quite wide range of entities are entitled to act as the Insured under the contracts. Shippers, consignees, carriers and freight forwarders may have the insurable interest in the cargo and conclude the policies accordingly. Judging by our experience, the party which is the most interested in the cargo safely reaching the destination point is more likely to pay for the insurance.

All risks property insurance agreements have been catching on in Ukrainian market recently. In this regard a logic question comes up – do they really provide coverage against all the possible perils to which the Insured are exposed in the every-day life? The truth is that apart from quite comprehensible exceptions such as military conflicts, decisions of government authorities aimed at nationalization, confiscation or expropriation of insured property as well as cyber attacks or permanent factors causing natural wear and tear of the insured objects there are some exceptions from “all risks” insurance coverage that actually happen rather frequently.

Considering the recent developments in logistics sphere which have been leading to market consolidation a lot of operators are looking into possible ways of transferring some of their risks to the insurance companies. However it is essential that the insurance product be chosen accurately with regard to the extent of coverage, as well as with regard to justified cost.