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Cover check! Liability insurance is not compulsory . However, it may be interesting to subscribe to it to protect yourself from the vagaries of life.
What does liability insurance cover?
Liability insurance protects you against damage you may cause to others. Such damage may be caused by fault, recklessness or negligence on your part, or result from a person in your care, an object that belongs to you, your pet, etc. For example, if your child knocks another child into the spot and the other child suffers bodily injury, your liability insurance will compensate the victim.
Is its subscription compulsory?
Cover check! Even if it is not obligatory, it is advised to subscribe to it. Liability insurance is usually included in the home insurance contract. This civil liability insurance contract provides for the deductibles (amount to be borne by the insured) and the guarantee ceilings (maximum amount that the insurer is likely to indemnify) within the limits of which the company will intervene in the event of your fault. If you are not sufficiently insured, you may be required to compensate for the damage you have caused. The insurance contract also provides the conditions under which the company undertakes to intervene and the exclusions of guarantee, that is to say the damage that the company will not cover.
There is another civil liability contract which is mandatory, it is the automobile insurance contract. If you drive without insurance, it’s a crime.
Should it be completed?
Liability insurance only covers damage you may cause to others. For your personal protection, you can take out additional cover to protect yourself from damage that you may suffer yourself (aggression, medical accident, playing a sport, etc.). This contract is called “life accident guarantee” (GAV). This additional guarantee is necessary if you are the victim of a serious injury leading, for example, to paraplegia preventing you from working. It has the advantage of compensating you, within the limit of the guarantee ceiling.
DAMY law firm , Nice, Civil liability insurance, Update 2022.
