In Luxembourg, only the third party liability insurance on your car is mandatory. However, private third party liability as well as home insurance are highly recommended and in some cases required to get a loan or similar.

If you had a car accident, make sure to take pictures if possible and if another party is involved, properly fill out the accident notification together. If needed, call police. Then, immediately contact your agent to guide you through the next steps. It is the same for any other incidents (f.ex. at home) as it is always crucial to take immediate action, document the incident and take measures to prevent further damage.

Usually, there is not much change in the contracts once they are in place. However, situations can change and it is therefore good to regularly check your contract with your agent. Although he or she does check coverages from time to time, they can miss something or not have all the information. The best thing is to work together, you as a client taking the time to remind and contact your agent and him or her to then review the contract with you.

Usually insurance contracts are made for 1 year and get renewed automatically if no party decides to end the contract. Should you want to cancel an insurance, you have to do so at least 30 days in advance before the annual renewal date. However, if you change the underlying object (new car, new house/apartment, etc…) the contract can be canceled at that moment. The same is true if you move abroad or sell the insured object in which case you can cancel insurance on that same day.

Yes, some insurances are deductible from taxes (f.ex. the third party liability of the car or in private) while other parts are not (damage insurance for your car, damage insurance for the house, etc…). Also, additional pension insurance, health insurance or life insurance are deductible from taxes under certain conditions. If you are unsure, it is always best to ask your agent to explain you in detail what is possible