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French home insurance: liability, contents, and property

Updated: Mar 8



Table of Contents

  1. Lemonade

  2. An Overview of French Household Insurance

  3. Home Insurance Companies in France

  4. Home Liability Insurance in France

  5. Costs of Home Liability Insurance in France

  6. Multi-risk Home Insurance in France

  7. Tips for Choosing a French Homeowners Policy

  8. Applying for French Homeowner's Insurance

  9. Making a Claim on Your Homeowner's Insurance in France

  10. Switching or Cancelling Insurance Providers

  11. Addressing Disputes with a French Insurance Company

  12. Holiday Home Insurance in France

  13. Useful Resources


Lemonade


Are you considering insurance in France? Reflect further on this. Lemonade transforms the insurance landscape for the 21st century, enabling clients to acquire liability and content coverage swiftly via an easy-to-navigate English app. With lemonade, you can instantly secure your home and loved ones.


An Overview of French Household Insurance


In France, assurance habitation offers two primary types of coverage:


  • "Civil liability insurance," covering financial losses if you or your property harm a third party.

  • Multi-risk insurance combines liability with coverage for your dwelling and belongings, known as "Assurance risque."

French law mandates minimal civil liability insurance for tenants, homeowners, and part-owners of shared properties. This ensures protection for all involved. Yet, over 90% of property owners opt for comprehensive policies covering multiple risks.


French residents can also purchase building insurance ("dommages-ouvrage"), essential for new constructions or major renovations, covering potential issues for ten years. Many multi-risk policies encompass this feature.

The French insurance market is significant, with the property and liability sector valued at €59.2 billion in 2020, regulated by the Banque de France.


Home Insurance Companies in France

The French homeowner insurance market is competitive, offering a range of local, national, and international insurers. Notable companies include:


  • Allianz

  • AXA

  • BNP Paribas

  • Covéa

  • Crédit Agricole

  • Groupama


Comparing various offers is crucial for finding the best deal, especially for expats living in France. Some companies specialize in expatriate services and offer policies in English.


Home Liability Insurance in France

Homeowners in France must have liability insurance covering medical expenses and property damage claims by visitors. This includes accidents with family members or pets that were caused by carelessness or by things that were not planned for.

Landlords require tenants to have insurance against rental risks, including damage to the property and its permanent fixtures. Tenants must show proof of insurance upon lease signing and provide evidence of annual renewal.


Costs of Home Liability Insurance in France

The liability insurance cost varies and is influenced by home value, size, location, and potential risks. Premiums start at around €50 annually.


Multi-risk Home Insurance in France

A multi-risk policy is standard, covering liability and damage to the home and belongings. While not obligatory, most French mortgage lenders require this insurance.


Tips for Choosing a French Homeowners Policy

Consider the flexibility and customization options of the policy, deductible costs, company reputation, available bonuses, claim payment methods, and the claim process itself. Also, evaluate the insurer's ethical, environmental, and CSR standings.


Applying for French Homeowner's Insurance

The application process varies by company, with online applications often being the quickest. Required information typically includes personal and property details.


Making a Claim on Your Homeowner's Insurance in France

The claims process depends on your specific coverage. Essential documents include evidence of damage, insurance ID, and relevant invoices. Theft claims require a police report. Deadlines for claim submission vary by incident type.


Switching or Cancelling Insurance Providers

Policies typically last a year, with potential early cancellation or switching fees. Certain life events may allow for legal cancellation. After the first year, switching providers without penalty is possible with proper notification.


Addressing Disputes with a French Insurance Company

If you are unsatisfied with your insurance provider, start by filing a formal complaint with the company. Unresolved issues can be escalated to La Mediation de l'assurance, an independent dispute resolution body.


Holiday Home Insurance in France

While not legally required, many landlords opt for multi-risk coverage for holiday properties. This insurance covers physical damage and liability, with some policies offering additional protections for specific risks associated with vacation rentals.


Useful Resources

The Autorite de Controle Prudentiel et de Resolution (ACPR) regulates insurance companies in France. The Ministère de l'Économie et des Finances is in charge of France's financial institutions and sets insurance standards. Assurance lets you compare different insurance policies. Service Public provides detailed information on homeowner's insurance policies in France.





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