Your Luxury Apartment in Monaco Well Insured
Monaco, the exclusive Principality to the Cote d'Azur, is the world's most expensive real estate market. With prices from €50,000 to €90,000 per m² your investment deserves the best protection. Whether you have an apartment in Monte Carlo property, a penthouse in Larvotto or into a pied-à-terre La Condamine: a Dutch holiday home insurance policy offers all-risk coverage with service in your own language.
Monaco offers unique benefits: no income tax, political stability, 24/7 video surveillance and a mild Mediterranean climate with 300+ sunny days per year. The small Principality (2 km²) is one of the safest places in the world.
Many owners in Monaco own art collections, jewelry and valuables. Good insurance not only covers the home, but also your valuables.
Where is your apartment located?
Monte Carlo & Carré d'Or
The most famous district: Casino, Hôtel de Paris, luxury shops. The heart of glamorous Monaco.
Larvotto & Mareterra
Beach district with the only public beach. Mareterra is the newest luxury project (2025).
La Condamine & Port Hercules
The old harbour, yachts and the start/finish of the F1 Grand Prix. Lively and authentic.
🏛️ More Neighborhoods in Monaco
- 🏰 Monaco-Ville (Le Rocher): The old center with the Prince's Palace and the cathedral
- 🏗️ Fontvieille: Modern district on reclaimed land, harbor and Parc de Fontvieille
- 🌿 Jardin Exotique: Quiet neighborhood with spectacular views (±€50,000/m²)
- 🏢 La Rousse/Saint-Roman: Tour Odéon, highest tower in Monaco (170m)
- 🏠 Les Moneghetti: Quiet residential area, slightly lower prices (±€45,000/m²)
What is insured?
Fire & Explosion
Damage due to fire, explosion, lightning strike and soot deposits.
Water damage
Leakage, pipe breakage, precipitation. Essential in apartments.
Burglary & Theft
Theft with signs of forced entry and vandalism by third parties.
Art & Valuables
Paintings, sculptures, jewelry and valuable collections.
Glass breakage
Breakage of windows, doors, windows and panoramic windows.
liability
Homeownership and damage to third parties up to €500,000.
💎 Luxury Coverage: Art, Jewelry & Valuables
Monaco owners often have valuable collections. Our insurance offers comprehensive coverage:
- 🎨 Art collection: Paintings, sculptures and works of art are also insured
- 💍 Jewellery: Watches, jewelry and precious items covered
- 🍷 Wine cellar: Valuable wine collections can be insured
- 🏺 Antique: Furniture and antiques also insured
- 📋 Valuation: Appraisal is recommended for valuable items
- 🌍 Worldwide: Valuables also covered outside Monaco
🔒 Monaco: Ultra-safe Principality
Monaco is one of the safest places in the world. This has advantages for your insurance:
- 📹 24/7 video surveillance: The entire territory is continuously monitored
- 👮 High police density: Most agents per capita in the world
- 🏢 Building surveillance: Luxury residences have 24/7 concierge
- 📉 Low burglary risk: Positive effect on premium
- 🚨 Quick response: Police on site within minutes
💡 Monaco's ultra-secure environment means relatively lower burglary risks.
🇳🇱 vs 🇲🇨 Dutch or Monegasque Insurance?
🇳🇱 Dutch Policy
- ✓ All-risk coverage possible
- ✓ Dutch service, no language barrier
- ✓ Art & valuables are also insured
- ✓ Vacancy covered as standard
- ✓ Rental in combination with personal use
- ✓ Return cover (travel costs)
🇲🇨 Monegasque Policy
- → Assurance habitation locally
- → Communication French
- → Local insurers: AXA, Allianz, MMA, Generali
- → Good for permanent residents
- → Often required by homeowners' association/residence
- → Local expertise
💡 For a second home, a Dutch policy offers advantages: service in your own language and extensive coverage.
🏗️ Apartment buildings: VvE & Building
In Monaco, 95% of housing consists of apartments. Please note the following:
- 🏢 VvE/Co-propriety: Building insured via joint policy
- 🔑 Your policy: Contents, improvements and liability
- 🔧 Renovations: Insure luxury finishes and renovations
- 💧 Water damage: Essential in apartments (above/below neighbors)
- 👥 Liability: Damage to neighbors covered
🔑 Rental: Limited Options in Monaco
Monaco has strict rules for short-term rentals:
- ⚠️ Strict rules: Short-term rentals severely restricted in Monaco
- ✓ Our coverage: Rental up to 26 weeks/year in combination with personal use
- 👨👩👧 Family/friends: Free provision to acquaintances covered
- ❌ Commercial: Professional rental is often not allowed without a permit
- 📋 Check rules: Ask your residence/owner's association about rental policy
💰 Premium indication Apartment Monaco
| Type of property | Value | Premium/month |
|---|---|---|
| Studio Jardin Exotique | €500,000 - €1,000,000 | €45 - €75 |
| Apartment La Condamine | €1,000,000 - €3,000,000 | €70 - €120 |
| Apartment Monte Carlo | €2,000,000 - €5,000,000 | €100 - €180 |
| Penthouse Larvotto | €5,000,000+ | €150 - €250+ |
| Art & Valuables | €50,000 - €500,000+ | +€25 - €100+ |
* Premiums are indicative. Monaco's high property values mean higher insurance amounts. Luxury finishes and art collections increase the premium.
⚠️ Not Covered / Exclusions
- ✗ Permanent residence: Only as a second home (not main residence)
- ✗ Commercial rental: Professional rental without personal use
- ✗ Poor maintenance: Damage due to overdue maintenance
- ✗ Vandalism by tenant: Damage by tenants themselves
- ✗ Non-appraised art: Valuable art without a valuation may have limited coverage
💡 Tips for Your Apartment in Monaco
- ✓ Art collection appraisal: Have valuable items appraised for full coverage
- ✓ Check homeowners' association policy: Know what building insurance covers
- ✓ Report renovations: Report luxury renovations to the insurer
- ✓ Using concierge: 24/7 surveillance is a big advantage
- ✓ Check rental rules: Monaco has strict rules for short-term lets
- ✓ Keep value current: Monaco's property prices are rising rapidly
✈️ Extra Coverage
- ✓ Return coverage: Travel and accommodation costs will be reimbursed in the event of an emergency
- ✓ Accommodation costs: If the home is uninhabitable upon arrival
- ✓ Lost keys: Costs for replacement locks will be reimbursed
- ✓ Art objects: Up to €10,000+ insured (extension possible)
- ✓ Worldwide coverage: Valuables also covered while traveling
Specialized Insurers
🇲🇨 Local Insurers Monaco
Monegasque insurers for permanent residents or additional coverage:
- → AXA Monaco • Allianz • MMA • Generali • Gan
- → MC Courtage Monaco (broker) • Premium Assurance Monaco
