Everything you need to know about home insurance in Luxembourg.
What is the best home insurance in Luxembourg?
▼It depends on your status (tenant or owner) and the value to insure. Among LALUX, Foyer, AXA and Baloise, our pick is LALUX easyPROTECT Habitation for its three cumulative formulas, 24/7 Home Assistance and cover for house, apartment and co-ownership. Foyer stands out with a very generous base (attacks and assistance included) and its landlord option; AXA includes theft and building liability from the base; Baloise builds in climate events as standard. Compare above all the scope of included cover.
Which home insurance for a tenant?
▼A tenant must insure their contents (furniture) and tenant liability; the building remains the owner's responsibility. An essential formula with theft cover is often enough, complemented by personal liability. LALUX easyPROTECT Habitation covers tenants in all three formulas, with a dedicated Discover formula for 15-27 year-olds. The insurance certificate is generally required when moving in.
Is home insurance mandatory in Luxembourg?
▼It is not required by law, but it is required in practice. Most leases require the tenant to have insurance covering tenant liability; banks require it to grant a mortgage; and co-ownership rules impose it on co-owners.
Which companies offer home insurance in Luxembourg?
▼Four major CAA-licensed insurers offer multi-risk home cover: LALUX (easyPROTECT Habitation), Foyer (Mozaïk), AXA (OptiHome) and Baloise (Home). Each has its strengths on included cover, theft, new-value cover and assistance.
What does home insurance cover?
▼Multi-risk home insurance generally covers fire, water damage, theft and vandalism, glass breakage, natural catastrophes and natural forces, as well as personal liability. The best formulas add new-value cover for contents, 24/7 assistance and specialised packs.
What is the difference between tenant and owner?
▼The tenant insures their contents and tenant liability; they do not cover the building. The owner-occupier insures the building, contents and building liability. The landlord (PNO) takes out specific cover for the home they rent out, sometimes with unpaid-rent cover.
How much does home insurance cost in Luxembourg?
▼As a guide, an apartment tenant often pays between €25 and €40 per month, comprehensive cover between €45 and €60, and a house over 120 m² with all options from €60 per month. These ranges are market estimates.
Is personal liability included?
▼Personal liability covers the damage you, your family or your pets cause to third parties in daily life. It is offered by all four insurers, sometimes included, sometimes optional, and often valid worldwide. It is also the only part of the home premium that is tax-deductible.
How do I cancel my home insurance?
▼The contract renews automatically each year. You can cancel with 30 days' notice before the annual renewal, by registered letter, or within 60 days of a rate increase. When moving, the contract can usually be transferred to the new home.
Is home insurance tax-deductible?
▼Only the personal liability portion of the premium is deductible, as a special expense, up to €672 per person per year (article 111 LIR), a ceiling shared with other insurance. Building and contents cover are not deductible.
Is there a deductible on home insurance?
▼It depends on the insurer and the cover. The IPIDs refer to the general conditions: some cover includes a deductible (for example AXA quotes a deductible on earthquake), others do not. Always check the deductible amount and depreciation rate in the particular conditions.
