Everything you need to know about insurance in Luxembourg
Are you arriving in Luxembourg as an expat or new resident? Whether it's to protect your health, your property, your assets, or your business, it's important to take out insurance policies that are tailored to your needs and comply with the regulations in force.
In these pages, we explore the main aspects of insurance in Luxembourg and what you absolutely need to know about it to ensure you are properly covered.
Types of insurance in Luxembourg
There is a wide range of insurance products available in Luxembourg. These cover various aspects of residents' daily lives and economic activities in order to reduce risks for policyholders.
Here are some of the most common types of insurance in Luxembourg to protect your health and that of your loved ones, your property, or your business.
Some insurance policies are specifically designed for expatriates in Luxembourg. Find out more to ensure you are well covered in Luxembourg and internationally.
Car insurance in Luxembourg
Car insurance is mandatory in Luxembourg for all motor vehicle owners. Car insurance covers property damage and bodily injury caused in the event of an accident.
When you take out insurance, you can opt for minimum coverage, known as "third-party" insurance, or comprehensive insurance. In the first case, you will benefit from the minimum coverage required. Comprehensive insurance offers more comprehensive options and better coverage of risks for yourself and third parties. Learn more about car insurance in Luxembourg.
Home insurance in Luxembourg
Home insurance is not compulsory in Luxembourg. However, it is strongly recommended to cover property damage. It protects your home against all the risks you may face: fire, natural disasters, theft, water damage, etc. Find out more about home insurance.
Health insurance in Luxembourg
The National Health Fund (Caisse Nationale de Santé, CNS) is the main health insurance provider in Luxembourg. It covers basic healthcare, and residents are required to take out insurance. It is also possible to take out supplementary insurance for additional benefits and better healthcare reimbursement, depending on your circumstances. Find out more about health insurance funds and supplementary health insurance.
Civil liability insurance in Luxembourg
Civil liability insurance protects against claims in the event of bodily injury or property damage caused to third parties. It is an essential form of insurance for both individuals and businesses. It is not compulsory in Luxembourg, unless you own a dog. It is often included in home insurance and covers all members of the household except pets.
Pet insurance
It is important to have adequate coverage for your pet, whether for healthcare costs or for any damage it may cause.
Life insurance in Luxembourg
Life insurance is a way to invest in the future of your family or beneficiaries. It can also be used as an estate planning tool .
Are you going on a trip soon? Have you thought about taking out travel insurance?
Insurance for businesses in Luxembourg
Businesses in Luxembourg have access to a range of insurance products to protect their activities. In particular, they can take out civil liability insurance, professional liability insurance, property insurance, and business interruption insurance, including for self-employed professionals.
In addition, it is important to note that certain insurance premiums are tax deductible. More information here.
Players in the Luxembourg insurance market
The insurance sector is well developed in Luxembourg. It includes a number of national and international players. Among the main insurance companies operating in Luxembourg are Axa, Bâloise, Lalux, and Foyer.
See our pages dedicated to insurance in Luxembourg for everything you need to know on the subject.
The insurance regulator in Luxembourg is the Insurance Commission (CAA). It ensures that insurance companies comply with regulations and protect the interests of policyholders.
Insurance costs and regulations
As everywhere else, the cost of insurance policies varies depending on many factors. It is recommended that you compare offers from different insurance companies for each type of insurance to find the best option. You will find application forms on our website to obtain insurance quotes online.
The Insurance Commissioner (CAA) is responsible for regulating and supervising the insurance sector.
Insurers are subject to solvency requirements. They must hold sufficient funds to meet their obligations to policyholders and protect their rights.
In conclusion, whether you are a private resident in Luxembourg or a company based in the Grand Duchy, it is important to be properly insured. And this should be done as soon as you arrive in Luxembourg. Do not hesitate to consult an insurance advisor to help you make the right choices for your personal situation.
What do you need to know when you arrive in Luxembourg? Here you will find the essential information you need to make a success of your expatriation.
Want to know more about Luxembourg? Download our Just Arrived guide for free.
Articles de la catégorie Assurances au Luxembourg
How to properly insure your valuables
Luxembourg is known as a safe country. But have you ever thought about how your jewelry, valuables, or works of art are protected in the event of a disaster?
Should you insure your pet?
Insuring your pet in a small country like Luxembourg may seem trivial. But it's a decision that shouldn't be taken lightly.
Travel insurance: useful or not when you live in Luxembourg?
Traveling from Luxembourg, whether to visit family or explore new destinations, is often an important part of expatriate life.