An agreement between French insurers giving a single handler water damage and fire claims in buildings below a threshold, with flat rate recovery.
The IRSI agreement organizes the handling of water damage and fire claims arising in a building, between member insurers, where the amount stays below a threshold. Its principle is to designate a single handling insurer, that of the occupant of the damaged premises, who runs the assessment on everyone's behalf and pays without waiting for liability to be established. It distinguishes two bands: below a first tier no recovery is pursued between insurers, each keeping its own cost, and above it recovery proceeds on a flat rate basis. The logic is arithmetic: for a loss of a few hundred euros, the cost of a contested assessment, a disputed leak search and a recovery action far exceeds the stakes, so the procedure would cost more than the indemnity. It cannot be raised against the policyholder, who keeps every contractual right and may contest it. The problem solved is a friction cost above the stakes, on the most frequent claim in the household market.
In force since June 1, 2018 in place of the earlier CIDRE and CIDE-COP agreements, IRSI applies to claims whose damage does not exceed 5,000 euros excluding tax per unit. Below 1,600 euros excluding tax no recovery is pursued between insurers; between that tier and the ceiling, recovery is made at a flat rate.
indemnisation et recours des sinistres immeuble, convention dégâts des eaux