This master´s thesis deals about insulation and dielectric properties of water. It describes the structure of water, covalent and hydrogen bonds. It outlines primary chemical and physical properties of water and then it describes parameters of water - dynamic viscosity, conductivity, surface tension, pH and also describes dielectric properties - dielectric loss, loss factor, permittivity, polarization. Part of the work is practical section, which includes measurements of deionized water, destilled water, tap water and shows primary dependence such as dependence loss factor on frequency or relative permittivity on frequency.