Cultured Views

The pitfalls of insurance in France

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Insurance, of any kind, is one of those facts of life that we just have to accept. A necessary evil if you like. In most countries taking out an insurance policy is a pretty straightforward procedure; you shop around and usually end up signing up for the policy you believe will suit you best. To be honest they are all pretty much the same nowadays.

If you have life insurance you are supposed to rest assured that come what may your loved ones will be looked after in the event of your death. As we wont be around to check on that after the fact we just have to believe what our policy tells us. Basically shopping around for an insurance policy, especially for home insurance, has become a lot easier with the advent of the internet and in most countries the consumer has the right to change insurance companies at the end of their policy’s term. However in France, unless you notify your insurance company two months prior to the end of your policy you will be legally bound to accept a policy renewal from them. Even if they change the cost of the insurance after you have signed. We encountered this while seeking car insurance here. In fact what the French insurance companies practice contravenes European Law. The only thing to do is stand up and declare this. They soon back down, as they did in our case.

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