Civil Code Changes For Property Insurance Policies

Property and personal insurance policies taken out after 9 August 2007 are affected by changes to the Civil Code.

The changes affect the conclusion, performance and contents of both property and personal insurance policies, but particularly affect property insurance.

They were intended to reflect economic conditions and the needs of the insurance market, improving protection for policyholders, insured parties and injured parties while at the same time guaranteeing the interests of insurers. However, they have only been partially successful.

The basic changes affecting property insurance policies and their implications for insurers and brokers are discussed in eight parts: