What is rental deposit insurance?
We work closely with the leading insurance companies in Switzerland to offer you solutions tailored to your needs.
Rental deposit insurance, also known as rental guarantee, is a practical and advantageous alternative to the traditional handing over of a security deposit to the landlord. As a tenant, you are often faced with the need to block a significant amount of money in an account, which can be a hindrance to your projects or your saving capacity. With rental deposit insurance, you can avoid this constraint while meeting the requirements of your landlord.
How does rental guarantee insurance work?
When you subscribe to rental guarantee insurance, you pay an annual premium equivalent to a percentage of the annual rent amount. In return, the insurer provides you with a guarantee certificate that you provide to your landlord. This certificate confirms that you are covered by insurance in case of rent payment defaults or rental property damages.
In case of a claim, meaning if you are unable to pay your rent or if repairs are needed in the rental property, your landlord can request compensation from the insurer. The insurer then takes care of settling the amounts due, within the limits and conditions specified in the insurance contract.
By choosing this solution, you no longer need to tie up a significant sum of money in an account, allowing you to have your liquidity available for other projects.
Rental guarantee insurance provides protection for both the tenant and the landlord. The landlord is assured of receiving the amounts owed in case of a claim, while the tenant benefits from a more flexible alternative to secure their financial commitments.
Rental guarantee insurance simplifies the administrative management of security deposits for property owners and tenants. Everything is handled electronically, from contract subscription to potential claims management.
Our specialists are at your disposal to assist and advise you in all your needs.
Frequently asked questions
Our insurance specialists are at your disposal to assist and advise you in all your needs.
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What is rent deposit insurance?
Rent deposit insurance, also known as rental guarantee insurance, is an alternative to the traditional security deposit. It allows the tenant to avoid locking a significant amount of money in an account in exchange for an annual premium.
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How does rent deposit insurance work?
The tenant subscribes to rent deposit insurance by paying an annual premium. In case of a claim, the insurer covers the amounts owed to the landlord, within the limits of the contract.
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What are the benefits for the tenant?
Rent deposit insurance frees up the tenant's funds, allowing them to use their liquidity for other purposes. It is also easier to obtain than a traditional security deposit.
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What are the benefits for the landlord?
The landlord is assured of receiving the amounts owed in case of a claim, providing financial security. Additionally, the administrative management of security deposits is simplified.
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How to choose the best rent deposit insurance?
Our insurance brokerage company in Switzerland collaborates with all insurance companies. We can assist you in comparing offers and selecting the one that best suits your needs.
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What are the eligibility criteria for subscribing to rent deposit insurance?
Eligibility criteria may vary depending on the insurance companies. Generally, having a stable income and meeting certain solvency requirements is necessary.
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What is the validity period of rent deposit insurance?
Rent deposit insurance is typically subscribed for a duration of one year, renewable annually. Specific terms may vary depending on the chosen insurance company.
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Can I cancel my rent deposit insurance during the contract?
The possibility of canceling rent deposit insurance depends on the conditions specified in the contract. Some contracts may allow for early termination, while others have specific clauses to follow.
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What are the costs associated with rent deposit insurance?
The cost of rent deposit insurance depends on the annual rent amount and the percentage applied by the insurance company. Our team can provide you with precise information on rates and available options.
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How can I subscribe to rent deposit insurance?
To subscribe to rent deposit insurance, you can get in touch with our team of insurance brokers. We will guide you through the subscription process and answer all your questions.
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