Insurance in France: What insurance is compulsory in France?
In France, insurance is a crucial aspect of daily life and is required by law for various reasons. The French government has set up a comprehensive insurance system to ensure the protection and security of its citizens and their property.
Compulsory insurance coverage:
There are several types of insurance coverage that are compulsory in France, including:
Health insurance:
All residents of France must have basic health insurance coverage, called “universal health coverage” (CMU). The CMU is accessible to those who do not have access to private health insurance.
Car insurance:
All vehicles registered in France must have a minimum level of liability insurance. This cover protects the policyholder against any damage or injury he may cause to others in the event of an accident.
Home Insurance:
Homeowners in France must have home insurance, which protects their property against any damage or loss caused by natural disasters, theft or other unforeseen events.
Professional liability insurance:
Many professionals in France, including doctors, lawyers and architects, are required to take out professional indemnity insurance to cover any faults or errors they may make in their work.
Penalties for not having insurance:
People who do not comply with compulsory insurance requirements in France are subject to penalties and fines. Additionally, those involved in an accident without the required insurance coverage may be held financially responsible for all damages and losses incurred.
In conclusion, insurance is an important aspect of everyday life in France and is required by law for a variety of reasons. From health insurance to car insurance to professional indemnity insurance, it is important to understand the different types of compulsory cover in France and to ensure that you have the required insurance cover.
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