Property insurance

This chapter analyses principles and doctrines in property insurance. It considers the topics of material facts which must be disclosed in relation to property insurance, insurable interest in property insurance, the insured&s;s duties during the insurance period, the insurer&s;s right of subrogation and the right to the damaged property, valued or unvalued policies, and coverage of risks and exception of risks. It focuses on the critical examination of the Insurance Law and judicial rules regarding the assignment of insurance policies with the transfer of the subject matter of insurance in property insurance and comparatively discusses the “conditional assignment” and the “automatic assignment” of insurance policies in common law and civil law jurisdictions. Particular attention is paid to the key issues regarding the increase of risk upon the assignment of subject matter and the insurer&s;s remedies for material increase of risk.