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I am renewing my French carte de sejour and want to change insurance to AXA. Does anyone know if AXA Schengen Ins is acceptable?

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I doubt it is fit for long term residency (you mention Carte de Séjour) as the FAQ says :

Q: I am living in a European country, can I buy?

A: Yes, you can. You will be covered outside of your country of residence.

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