Of course. The insurance that the insurance company provides guarantee for property is litigation preservation liability insurance, that is, the insurance product is designed as virtual collateral to provide protection for the litigation property preservation of the parties. 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.
Finally, the specific cost of applying for property preservation guarantee depends on the number of assets that the applicant intends to preserve, and the guarantee company or insurance company will also determine the preservation cost according to the difficulty of the case.
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