Insurance Policies – changes to how and when they can be cancelled.
Two important changes, one in June and the other in July are coming that will make cancelling insurance policies quicker and easier. The goal of these changes is to make it easier for the consumer to change insurer, promote competition and reduce the cost of insurance. A new decree, set to come into force from […]
Householder Defects Insurance
By Gerald Humphreys The purpose of this insurance is to ensure that, as a client, you are satisfactorily protected if the builder, architect or their insurance company does not accept liability for building defects. The Householder Defects Insurance, assurance ‘dommages-ouvrage’ seeks to remove all this uncertainty by placing an obligation on your insurer to meet the costs […]
Loan insurance & Lemoine Law
By Romain Rousseau The new law Allows any policyholder to cancel their loan insurance contract at any time and at no cost for all loan offers issued from 1 June 2022 onwards and for all insurance contracts in force from 1 September 2022 onwards. Eases the medical requirements for obtaining a loan. It is no […]
Builder’s Ten Year Insurance
by Gerald Humphreys The assurance décennale taken out by the builder/contractor covers their liability in the event of defects arising during the ten year guarantee period. The insurance is obligatory and there are severe penalties for a builder (or architect) who does not carry appropriate insurance. Before signing a contact with your builder/architect you should check: That the […]
Ten Year Building Guarantee
by Gerald Humphreys If you engage a builder to undertake construction work, by law their work must be guaranteed for a period of up to ten years. The responsibility is referred to as ‘la responsabilité décennale’. Where a defect arises the client is not obliged to prove the fault and the building contractor is presumed to be responsible. However, the […]