Which insurance and which company?

Insurance companies in Luxembourg

When arriving in a new country, it's important to take out adequate insurance to protect your property and your loved ones. Despite its reputation as a "safe country", Luxembourg is no exception to the rule. It's important to insure your family and your possessions. Here you'll find out which insurances are compulsory and which are recommended in Luxembourg to best insure your property and your family.

We also take a look at the various insurance companies operating in Luxembourg.

Compulsory insurance in Luxembourg

To help guide you, here's a list of the types of insurance you'll need to take out when you arrive in Luxembourg. Some insurances are compulsory, others are recommended. Here's the lowdown.

Personal liability insurance in Luxembourg

Third-party liability insurance compensates for damage caused to third parties through wrongful acts. It covers the policyholder, his or her spouse and unmarried children living in community with the policyholder. 

With this insurance, all unmarried persons who do not have their own home or dwelling and who habitually live in the same household as the policyholder are insured free of charge.

This personal liability insurance covers the policyholder and his/her dependents in various cases:

  • private individual,
  • pedestrian,
  • cyclist,
  • sporty,
  • head of the family,
  • house dweller,
  • pet owner or keeper,
  • owner or user of household and gardening appliances.

It also covers any accidents caused by snow or frost in front of your home. Remember that in Luxembourg, it's your responsibility to clear your sidewalks.

Home insurance in Luxembourg

Why take out home insurance in Luxembourg?

Tenants and homeowners alike need to think about coverage for their home or apartment, furniture and personal belongings. Homeowner's insurance is essential to protect against the many everyday household damages.

Rental risk insurance

As a tenant or flatmate, you are required to take out rental risk insurance. Rental risk insurance covers not only the house or apartment, but also the annexes.

Your furniture and personal belongings are insured against fire, water damage, theft, glass breakage and storm.

Homeowner's insurance

Whether you live in your own home or rent it out, you need homeowner's insurance. This covers all risks of damage, fire, ...

What kind of home insurance coverage do you need?

Home insurance always covers the basic risks: fire, water damage, theft, glass breakage, storms, hail and snow pressure.

Home insurance is available in a number of commercial packages, each more or less comprehensive and modern, depending on the insurance company.

Home insurance can also provide coverage in the event of vandalism, terrorism or sabotage.

The risks of earthquakes, graffiti, theft of garden furniture or technological objects are also covered.

Damage caused by sewer backup or rainwater runoff can be insured.

Please note that in Luxembourg, the value of the kitchen is included in the valuation of your insurance policy. Don't forget to include it when valuing your insurance!

Check your insurance contract regularly

Do you already have a home insurance policy to insure your home and belongings? It's a good idea to take a close look at your home insurance policy on a regular basis.

The aim is to make sure you're properly covered. Over the years, you've undoubtedly made new additions to your home, or acquired new items. It's a good idea to include them in your insurance contract to ensure they're properly covered.

Compare insurance offers

It's also worth comparing the cover provided by your insurance contract with other offers on the market. Some insurance companies organize emergency interventions for your home: water damage, blocked drains, electrical failure, broken glass, damaged roof, heating failure, immediate professional security in the event of an intruder, etc.
In the event of an incident, the company will take charge of finding the right professional to solve your problem as quickly as possible.

Car Insurance in Luxembourg

Owning a motor vehicle in Luxembourg involves a number of administrative obligations. In general, after 3 months' residence in Luxembourg, the insurance company in your home country will no longer insure your car or motorcycle. You'll need to find Luxembourg car/motorcycle insurance.

We also remind you that after a certain period, your vehicle must be registered in Luxembourg.

Under Luxembourg law, every motor vehicle must be covered by at least third-party liability insurance.

Automobile liability insurance

Third-party liability insurance covers bodily injury and property damage caused to third parties. This is third-party insurance. Please note, however, that this insurance does not cover damage to your vehicle or yourself in the event of an accident.

Comprehensive automobile insurance

All-risk insurance, also known as Casco, provides comprehensive day-to-day cover for you and your vehicle. In addition to third-party liability, this comprehensive car insurance provides legal protection, fire, theft, glass and property damage cover, as well as driver's guarantee. It's highly recommended, as it's safer and more comprehensive than simple "Motor Third Party Liability" insurance.

More tips for choosing your car insurance 

Accident insurance

To protect yourself and your vehicle, Accident Insurance is also highly recommended. Although not compulsory, it provides for the payment of compensation in the event of the insured person's death or accident. It also covers you on a day-to-day basis, in the event of hospitalization, incapacity for work, sporting accidents, etc.

The best advice here? Make sure accident insurance is general, and not limited to certain risk categories!

Supplementary health insurance

Insurance companies also offer health insurance to supplement the CNS. This complementary health insurance is not compulsory.

Although quite expensive in terms of premiums, it can nevertheless be worthwhile taking out this insurance. You can obtain additional reimbursements for hospitalization, dental care, glasses, etc. It can also be used to cover major life accidents.

Certain insurance premiums can be deducted from your tax return. They reduce the amount of taxable income.

Choosing an insurance company in Luxembourg

Have you just arrived in Luxembourg and are looking for an insurance company to insure your property and loved ones? Here you'll find the best-known insurance companies in the Grand Duchy, so you can insure yourself properly.

Certain risks must be covered in the Grand Duchy. These include car insurance, home insurance and third-party liability insurance.

Which insurance companies in Luxembourg?

Luxembourg insurance companies can all offer you insurance policies tailored to your needs. By subscribing to the insurance contracts on offer, you can insure your property, your valuables or your family, or even the risks associated with your professional activity.

Each insurance company has its own particular status. The company may be independent or affiliated with international companies, and may or may not be a leader in the insurance field.

Insurance coverage

However, whatever their status, all insurance offices will offer you the insurance services you need to cover life's risks. Household risk, civil liability, home insurance, car insurance, pet insurance...

Luxembourg insurance companies also cover health insurance in addition to basic health cover.

On a wider scale, they can also offer death cover through provident death contracts. This can be particularly useful when taking out a loan with a bank .

They can also offer youlife insurance policies.

There are many insurance companies in Luxembourg. You can choose between Luxembourg and international companies.

You can also opt for an insurance broker. They represent several companies. He or she will work with you to find the insurance company best suited to your needs and offering the best rates for the type of insurance you are looking for.

Compare insurance and guarantees

However, your choice of insurance should be guided not only by rates, but also by the cover offered.

Remember that insurance is primarily designed to cover one or more risks. Make sure you check which risks are covered and to what extent. What are the deductible amounts, i.e. the costs you have to bear in different risk situations?

Insurance is a matter of peace of mind for you and your loved ones. Ask for a quote and a description of the risks covered before committing yourself. Ask about the additional services we offer!

If prices differ from one insurance company to another, it's often due to the difference in cover offered and insurance conditions. Low prices are often synonymous with low cover, high deductibles and numerous exclusions. Before signing your contract, be sure to read the terms and conditions, and especially the exclusions of coverage.

When it comes to car insurance, choosing a specific model of vehicle may mean paying a little more for your insurance. This is particularly true of "tuned" cars. Insurance can be much more expensive...

Insurance comparison services are available on the web, so don't hesitate to use them.

Commissariat aux Assurances

The CAA - Commissariat aux Assurances, is a public institution under the authority of the Ministry of Finance. The CAA is responsible for overseeing the insurance sector in Luxembourg. Among other things, it is responsible for protecting policyholders.
On the CAA website, you will find all documents relating to the insurance sector in Luxembourg. In the near future, a complaints resolution service will be available to consumers.

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