MIL OSI Translation. Region: Russian Federation –
E. Samarin. Mos.ru
By the beginning of the 20th century, over 20 independent insurance companies, as well as representative offices and agencies of companies registered in other Russian cities and abroad, were operating in Moscow.
Insurance of real estate and movable property in the Russian Empire began to be practiced by the middle of the 19th century. It soon spread widely throughout the country. Mostly private companies worked in this area; the practice of state insurance actually did not exist. In funds Main Archivepreserved documents on the history of insurance in pre-revolutionary Russia.
In Moscow, as one of the largest cities of the Russian Empire, agencies and representative offices of the majority of Russian and many foreign insurance companies were opened. The city also had its own insurance companies: the Moscow City Mutual Fire Insurance Company, the Moscow Fire Insurance Company and others. The city also housed agencies of insurance companies that insured mainly real estate: the Northern Insurance Company, the Russian Fire Insurance Company, the Yakor insurance company and others.
Most often, Muscovites insured their property against fire and natural disasters. The procedure in all companies was approximately the same. Anyone wishing to get insured contacted the company and filled out a special “announcement” (application form). Then a detailed description of the property was carried out with an indication of its estimated value. For example, when the famous scientist and philanthropist Dmitry Ryabushinsky insured the property of the Aerodynamic Institute (the first in Europe) created by him on his estate Kuchino near Moscow, a special register of machines and other equipment of the institute was compiled with an assessment of their value. It turned out 42 thousand rubles – and this is only part of the funds spent by Ryabushinsky in favor of science. These documents have been preserved in the archives.
For real estate insurance, a plan of ownership and a description of the property was first drawn up, indicating the material and size of the building, the number and appearance of rooms. Then the cost of the building was calculated and it was found out if the property was pledged. Then, taking into account all the conditions, the amount of insurance was calculated, and it was also calculated how much money the applicant must regularly pay to the insurance company to renew the insurance policy. Such a policy (sometimes called a receipt) was issued to him after the first installment was paid. It was kept by the owner of the property and was documentary evidence that the property was insured and, in the event of damage, was subject to compensation.
The companies insured property not only in Russia, but also abroad. For example, archival materials on insurance at the beginning of the 20th century by the “Salamander” partnership of enterprises and buildings in Shanghai have been preserved.
As a rule, the higher the property was assessed, the greater the amount insured was charged and, accordingly, the higher the regular (usually annual) contributions from the property owner. They usually insured all movable property in the building or the entire household. The practice of insuring individual premises in houses did not exist, since apartments were mainly rented out by the owner of the house, who acted as the policyholder.
Large properties could be insured by several companies. So, for example, according to the surviving documents, the Partnership of Higher Perfumery “A. Ralle and K “(now – cosmetic association” Freedom “). Perfumers were simultaneously insured by the Moscow Fire Insurance Company, the Russian Mutual Insurance Union in Moscow, the Salamandra Insurance Company, the Northern Insurance Company and others.
In the event of a fire or other incident, the insurance company was obliged to pay the full amount of the insurance, even if this happened the next day after the property was insured.
In Moscow, by the beginning of the twentieth century, real estate insurance gained wide popularity, there were more than 20 independent companies, as well as representative offices and agencies of companies registered in other Russian cities and abroad. Most of the property owners have used their services. A similar practice existed until 1917.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.