It’s a worrying thought: but many households in France simply do not have the appropriate amount of insurance cover in place. Although most people sensibly do take out home insurance, they often do not fully understand what is covered and what is not; meaning that should they need to claim in the future, they may not receive the money they thought they were entitled to.
Let’s explain. In France, most home owners have what are called “multi-risk” policies which mean it includes buildings, contents and third party liability insurance. The premium is calculated either on the number of rooms (called “pièces”) or the habitable square metres – the overall size of the property. This is where some problems can occur, because householders can sometimes miscalculate the exact dimensions or incorrectly state the number of rooms in the house. In the event that you do need to make a claim, say due to water damage, an assessor will most likely visit your home to verify the information that is held; and if it does not match the company records you could be out of pocket. For example, if you have 4 Pièce sized property but have only stated 3, you may only receive 75% of the cost of making good the damage.
Some homeowners also spend time away from their home in France, such as in Spain or the UK. Most insurance does not cover you if you leave your property unoccupied for more than 90 days at a time, so check that your policy covers you for this.
Don’t worry – we can help! Our advisors speak English and are able to discuss your insurance requirements, so that whilst you are on holiday or away, you can relax and enjoy a well-earned break: stress-free.
Based in Bordeaux, we are the only SwissLife agency in France to work with English speaking clients. We offer a wide range of Healthcare Insurance and General Insurance solutions backed by one of Europe’s leading Insurance providers.
Contact: Peter Musto 05 56 28 94 64