Insurance system in France in some way different from other countries all over the world. Industry industry of France has at the top position. Insurance in France for you and your property is compulsory. When you are renting in a house, you are required by law to take multi risk insurance policy. This policy will cover water damages, fire and smoke damages, burglary, natural disasters, limited legal assistance etc. When you are living in France, then automobile insurance coverage is an important part of a driver. According to law, you should require auto liability insurance for damage and injury.