DAMAGE - the consequence of violating rights protected by law and the interests of subjects of civil legal relations (states, organizations, or individuals). Damage can be material or moral. Material damage is the result of violations that have a monetary value. Moral damage refers to moral and physical suffering caused by the violation. It cannot be expressed in monetary terms.

DOUBLE INSURANCE - simultaneous full insurance of the same object against the same risks by multiple insurers, resulting in the insurance amount significantly exceeding the insurable value. In case of double insurance, each insurer covers the damage to the policyholder within the insurable value of the object proportionally to their share in the total insurance amount.

DAMAGE OF PROPERTY - partial loss of property's operational qualities that can be restored for further use of the property for its intended purpose. Insured property is considered damaged if the costs of restoration, taking into account the value of remaining usable property, do not exceed the value of the damaged property that it had immediately before the occurrence of the insurance event.

DAMAGE OF PROPERTY - partial loss of property's operational qualities that can be restored for further use of the property for its intended purpose. Insured property is considered damaged if the costs of restoration, taking into account the value of the remaining property suitable for further use, do not exceed the value of the damaged property that it had immediately before the occurrence of the insurance event.

DECLARED LOSS - the monetary expression of the damage or loss suffered by the property interests of the policyholder (insured) as a result of an insured event, which has been reported to the insurer in accordance with the law or the insurance contract.

DESTRUCTION OF PROPERTY - the loss of the operational and consumer qualities of property, making it impossible to restore and further use the property for its intended purpose. Property is considered destroyed when it is technically impossible to restore it or when it is in such a condition that the necessary restoration costs are equal to or exceed its value immediately before the occurrence of the insured event.

DETERIORATION OF PROPERTY - the loss of value of property compared to the value of similar new property due to the partial or complete loss of its original technical and technological qualities as a result of its use or aging.

DOUBLE INSURANCE - simultaneous full insurance of the same object against the same risks by several insurers, resulting in the insured amount significantly exceeding the insurable value. In case of discovering double insurance, each insurer covers the loss to the policyholder within the insurable value of the object in proportion to their share in the total insurance amount.

DOUBLE INSURANCE - simultaneous full insurance of the same object against the same risks by several insurers, resulting in the insured amount significantly exceeding the insurable value. In the event of double insurance being discovered, each insurer covers the loss to the policyholder within the insurable value of the object proportionally to their share in the total insured amount.

DISCOUNT - a discount granted for repeat insurance, which can be obtained by policyholders who have not had any insurance claims within a certain period of time.

DEPOSIT INSURANCE - provided by banks to ensure the guarantee of returning deposits to depositors, primarily individuals, in the event of bank insolvency.