Systematic procedures for the determination of the insurance value of a family house on the Czech insurance market

Metodické postupy vedoucí ke stanovení pojistné hodnoty rodinného domu na českém pojistném trhu

Lenka Přečková and David Papáček

Oceňování, 2018, vol. 11, issue 2, 44-59

Abstract: The topic of the article is related to the insurance industry and the valuation of real property. The subject of the research is valuation procedures required for the calculation of the insurance value of a family house as used by insurance companies in the Czech Republic as of 31 December 2017. The analysis and calculations work with the calculation of the insurance value publicly accessible on the website of the Czech Insurance Association (Česká asociace pojišťoven); at the same time working with the Regulation no. 441/2013 Coll., which implements the Valuation Act. In order to make it possible to evaluate the methods and the insurance values, it is necessary to specify the concrete family house using value-creating factors. The aim of the article is to evaluate the specified insurance values and methods which individual commercial insurance companies in the Czech Republic use when determining the insurance value of a family house. The article analyzes information provided in the insurance conditions, subsequently analyzes systematic procedures of the insurance companies, the Czech insurance association, and of the Regulation no. 441/2013 Coll., which implements the Valuation Act. Finally, the article analyzes the calculated insurance values. It also evaluates and discusses similarities in the information required for valuation, methodology and resulting insurance values.

Keywords: Insurance value; New price; Cost approach to valuation; Pojistná hodnota; Nová cena; Nákladový způsob ocenění (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.18267/j.ocenovani.212

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