Gaps in normative legal base, prevents the determining insurance property value

The author analyzes the approaches to the definition and calculation of the cost of property insurance in the legislation governing the organization of insurance business, evaluation activities and those of limited liability companies. Expands the normative content of the concept of «actual value», reveals contradictions in its identification with the «market value» and the value of other kinds. Defined problems in determining the insurance cost due to the presence of legislative omission.