French Property Insurance
When purchasing a French property it is essential to organise sufficient insurance and if you intend to take out a French mortgage on the home some forms of French property insurance are compulsory.
Three main types of French property insurance:
- Life assurance for mortgage protection
- Home insurance
- French Assurance Vie products (typical life insurance)
Life assurance for mortgage protection is compulsory if you want to secure a French mortgage
Life assurance to protect a mortgage is generally available in two forms:
- Cover of the remaining outstanding capital in case of death or disability
- Cover of the remaining payments in case of long-term incapacity (accident or serious illness)
French banks do not offer mortgages to non-residents without life assurance mortgage protection. When applying for a French mortgage the mortgage protection and loan application are processed in tandem.
As organising French property insurance is such an important part of obtaining a French mortgage, we have helped countless clients with this process.