It is possible; Property preservation liability insurance, that is, designing insurance products as virtual collateral, provides protection for litigants' litigation property preservation. In this kind of insurance, the applicant for property preservation is the insured in the insurance product. Insurance company is the main body that provides "incidental insurance products" in litigation property preservation guarantee. Insurance companies are not guarantors in the property preservation guarantee system stipulated in the Civil Procedure Law, but only sell their products to the insured like producers of "physical products". The insured, that is, the property preservation applicant, takes the products purchased by him as collateral to provide guarantee for his property preservation application. An insurance company shall perform its obligations in accordance with the insurance clauses and the inherent contents of the insurance policy. This kind of guarantee means that litigation property preservation liability insurance is regarded as a kind of collateral with the same function as money guarantee and property protection. When a preservation error occurs, the property preservation applicant requests the insurance company to make compensation within the insurance limit according to the contract agreement of the insurance product, so as to ensure that the losses suffered by the protected person can be compensated, and then realize the purpose of litigation property preservation and protection. The creation of litigation preservation liability insurance is the innovation of civil litigation property preservation system. Although the civil procedure law stipulates the rules of property preservation guarantee, it does not limit the form of collateral. Litigation preservation liability insurance not only has the function of property preservation safeguard rules, but also breaks the limitations of safeguard rules. The insurer directly bears the liability for compensation, which is conducive to reducing the preservation risks of both parties to litigation and the court. In the course of litigation, if the applicant causes losses to the respondent due to the wrong application, the insurance company shall bear the liability for compensation, which is conducive to reducing the risk of the applicant and protecting the legitimate rights and interests of the respondent. From the perspective of insurance legal relationship, the applicant for litigation preservation is the applicant and the respondent is the insurance beneficiary. Liability insurance for litigation property preservation is both a guarantee and a responsibility, which is not available in ordinary letters of guarantee.
Legal objectivity:
Article 104 of the Civil Procedure Law If an interested party fails to apply for preservation immediately due to an emergency, which will cause irreparable damage to his legitimate rights and interests, he may apply to the place where the preserved property is located, the domicile of the respondent or the people's court with jurisdiction for preservation measures before bringing a lawsuit or applying for arbitration. The applicant shall provide a guarantee. If no guarantee is provided, the application will be rejected. After accepting the application, the people's court must make a ruling within 48 hours; Those ordered to take protective measures shall be executed immediately. If the applicant fails to bring a lawsuit or apply for arbitration according to law within 30 days after the people's court takes the preservation measures, the people's court shall lift the preservation.