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Is rental deposit insurance worth it?

Zuletzt aktualisiert am 15.08.2023
If you've ever been a tenant in Switzerland, you know how hefty a rental deposit can be, often amounting up to three months' rent. It's a sum that can put significant strain on your finances. To address this issue, insuris can connect you with a rental deposit insurance solution.
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Evgeniy Timoshenko

Partner, insuris.ch AG

Rental deposit insurance, also known as a rental deposit guarantee, is an innovative solution designed with tenants in mind. For a fraction of the usual deposit cost, you can pay a yearly premium that gives your landlord the same assurance as a traditional deposit.

What are the benefits of rental deposit insurance?

So, why should you consider a rental deposit guarantee? Let's delve into the top benefits:

Retain access to your liquid funds: With a rental deposit guarantee, there's no need to part with a large sum upfront. Your money will remain accessible for other immediate needs or investments, providing you with greater financial freedom.

Seamless termination of lease: Waiting for the return of your rental deposit can be an arduous process when you move out. Rental deposit insurance eliminates this wait, making lease termination a smooth, hassle-free experience.

Security for both parties: Rental deposit insurance provides assurance to both tenants and landlords. The insurance company guarantees coverage for any potential damage, offering peace of mind to all parties involved.

The economical option: The annual cost of rental deposit insurance is only a fraction of the traditional deposit. This cost-effective alternative can significantly ease your budgetary concerns.

In a nutshell, a rental deposit guarantee transforms the old, burdensome process of rental deposits into a modern, easy, and efficient one. As a tenant, it empowers you with flexibility, security, and peace of mind while ensuring your landlord's interests are fully covered.

How do I switch to rental deposit insurance?

If you want to make the smart move today and free yourself from the constraints of traditional rental deposits, contact insuris and benefit from our personal consultation. Our seasoned insurance experts are dedicated to connect you with the optimal insurance solution, tailored to your specific needs and budget.