Providing insurance protection for citizens' property is an essential element of ensuring their family's security. In the event of property destruction, the state is compelled to provide material assistance to citizens. Given the constraints of Ukraine's limited state budget, it may not be able to bear significant financial expenses, and personal long-term savings would require substantial time. Therefore, property insurance for citizens aims to safeguard their economic interests, as they may incur financial losses due to unforeseen events.