Under this name all collected insurance whose main purpose is to repair the loss suffered on account of loss, in equity of the policyholder. They are essential elements of general insurance: the insurable interest, expressing the need for the policyholder has a direct and personal interest in the accident does not occur, either by way of owner, user, etc., and compensation principle according to which the compensation may not be cause for enrichment for the insured and is restricted to reimburse him the concrete and actual harm suffered in their heritage.

Damage insurance can be divided into two main groups: property insurance, designed to indemnify the insured property losses directly sustained in an integral part of its heritage well, and liability insurance, guaranteeing the insured against civil liability that may incurring any third party for acts for which he is responsible.