How to catch unnecessary insurance

Belt and Garters. The idea is absurd, even for the most well-adjusted policyholders: “Just because you have two identical coverages doesn’t mean you’ll be paid twice! », recalls Olivier Moustacakis, co-founder of Assurland. It is even a basic principle of insurance law: it is not possible to enrich yourself by compensation for damage. So common sense dictates that we avoid duplicate insurance at all costs, but we still need to be aware of it. “The only solution is to read the contracts, even if it is tedious”, advises Delphine Bardou, Deputy CEO of Réassure-moi. In practice, few policyholders take the time to do this. “General insurance agents are there to give advice. Checking that the insured is not insured twice for the same claim is part of their mission”recalls Mathieu Godart, General Manager of Fires, Accidents, Various Risks (IARD) and Partnerships at Axa France.

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A major source of potential duplication, comprehensive home insurance (MRH) can include additional guarantees such as legal protection, school insurance or even a purchase guarantee. You should therefore avoid removing the same covers independently of the HRM. But beware, the level of guarantee is not always the same. Start by checking whether the coverage included in your home insurance covers all types of disputes (housing, health, consumption, auto, neighborhood, etc.) or only those related to housing. “At BNP Paribas Cardif, legal protection is offered as an optional option and applies exclusively to the insured property: car under vehicle insurance and home under home insurance. This helps avoid duplication »explains Hélène Thillier, General Manager of Cardiff IARD.

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This means thinking about your needs to see if the coverage offered by your home insurance is sufficient, or if it’s better to take it out separately. “In addition to some basic guarantees in our home insurance, legal protection is offered as an option, an insured who wishes to have wider coverage through a specific insurance cannot therefore take it out as part of their HRM”, explains Mathieu Godart of Axa France. For its part, CNP Assurances does not offer legal protection in its home insurance, neither in basic guarantees nor as an option, but only in the form of specific insurance.

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