After launching a municipal mutual health insurance company, Montreuil is doing it again with multi-risk home insurance. Since October 4, residents of the city and people who work there without living there can subscribe to this service at a negotiated price, which includes a “mobility option” for cycling.
“Cover a larger number of residents with home insurance“, this is the purpose of the new service offered by the Montreuil Municipal Social Action Center since October 4. Paris or Le-Pré-Gervais had already taken the leap in 2023 with this same observation: the refusal to take out home insurance for economic reasons.In Montreuil, between 7 and 9% of households are affected, depending on the city.
Up to 33% lower costs compared to other insurance companies
“You can skip the mandatory subscription to home insurance have unpredictable consequences in the event of a disaster. This negotiated offer makes it more affordable and available substantial protection“, explains Florian Vigneron, deputy mayor, delegate for social affairs and solidarity. According to the elected official, “rates are 7 to 33% lower depending on the property type compared to the rate charged by two other major operators in this niche.”
In practice, this home insurance operates according to the model of municipal mutual insurance, that is, grouped contracts to negotiate the price. To implement it, Montreuil entered into a three-year agreement with a mutual insurance company, Mutuelle Fraternelle d’Assurances. While an increase of more than 10% is expected by 2025, the Ministry of Foreign Affairs is committed to limiting possible price increases to 4% per year, the city promises.
A comprehensive solution for e-bikes and cargo
The contract offered by the State Department is accompanied by additional guarantees, such as restoration of inventory in the event of a disaster or the school and “extracurricular” guarantee with no limit on the number of children. The “full assistance” formula also allows for the repair of household appliances as well as the loan of a replacement appliance for the duration of the repairs.
Like other insurance contracts, MFA offers extended car coverage. But it also includes a (paid) insurance solution to be covered, without exception, for a bike worth less than 5,000 euros, especially for electrically assisted bikes and cargo bikes.
