CULTURAL HERITAGE INSURANCE
CULTURAL HERITAGE INSURANCE

Summary/Abstract: The Republic of North Macedonia is a country which is rich in cultural and historical goods. It abounds with cultural heritage that needs to be protected. Cultural heritage is a set of material and non-material (spiritual) goods that man has been creating in his history for many centuries, in which they manifest different cultures that is passed down from generation to generation, and therefore it reflects the history of a country. Knowing that cultural heritage is threatened by a number of risks, it requires the management of those risks and also protection from those risks. In addition, the insurance is an important tool for reducing financial losses from the destruction of cultural heritage. Every risk management technique has a price, so the insurance of cultural heritage has its price too, that is called the insurance premium which has many specifics in its determination. The purpose of this thesis is to find a method for determining the price of the cultural heritage.

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