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The alternative to a security deposit Rental guarantee

Affordable annual premium
10% discount if you bundle with personal liability insurance
No hidden fees
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When you sign a lease agreement, you are generally required to make a security deposit of up to three months’ rent in a bank account for your landlord/lady. This means your money is locked away in an escrow account for the entire time you're renting, which can quickly lead to financial difficulties.

The AXA rental guarantee lets you skip the security deposit because we will stand surety for you. This gives you financial flexibility and lets you use the money you've saved up for the things you want, such as new furniture for your new place.

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How does a rental guarantee work

A rental guarantee without a security deposit is the most widely used type of rental guarantee in Switzerland, and the most widely recognized by lessors. A rental guarantee from AXA provides your landlord/lady with the same financial security as a security deposit at a bank. And the service is quicker and better.

A rental guarantee is a surety that provides you as the tenant with the same security as a security deposit at a bank. You only pay an annual fee.

The surety is really simple: If you damage your rented apartment or don't pay your rent, we will pay your landlord/lady for any justifiable damages or rent owed. Sometime later we will then require you to repay us the money we paid to your landlord/lady.

If the apartment has been damaged, we will automatically check to see whether you are liable for the damage or whether your private liability insurance will pay. But we will only do this after we have already paid your landlord/lady for the damage.

How much is a rental guarantee from AXA?

  • 4% of the guarantee amount paid annually
  • No initial fees or costs
  •  10% discount on your rental guarantee with the purchase of AXA personal liability insurance
  • Free processing if your rental situation changes (e.g. new landlord/lady)
  • Cancel at any time and receive a pro rata refund of the annual premium you’ve already paid (after consulting with your landlord/lady)

What’s the difference between a security deposit and a rental guarantee?

If you have to put up a deposit for your apartment, you have two options: Take out a rental guarantee or place a security deposit in an escrow account at a bank. We'll show you the differences.

Security deposit: 

  • You cannot use this money. You must leave your money in this bank account for the entire duration of the lease. 
  • Security: An escrow account offers the same security as a rental guarantee. 
  • Costs: An escrow account doesn’t cost you anything. But you could be missing out on earning interest because you are not able to invest your money how you want. 
  • Service: No services are provided. 

Rental guarantee:

  • Your money is not tied up in a bank account. You do not need to deposit any money. 
  • Security: A rental guarantee provides the same security as an escrow account.
  • Costs: Four percent of the amount of the rental guarantee
  • Service: For every claim you make, we will automatically check to see whether your personal liability insurance will cover it. There’s a good chance that it will. 

An overview of the advantages of a rental guarantee

Here’s what you get with a rental guarantee from AXA:

  • Your money is available to you whenever you want it
  • Full security without a security deposit
  • The most accepted form of rental guarantee in Switzerland
  • You can cancel your AXA rental guarantee at any time
  • Your landlord/lady receives the rental guarantee surety within three to five business days

The AXA rental guarantee gives you double the advantages

In order for AXA to stand surety for you, you must have personal liability insurance. This insurance is generally very important to landlords/ladies because  it covers a number of damages that could happen in a rental apartment.

Our discount for you: If you buy your rental guarantee and personal liability insurance from AXA, we will give you a 10% discount.

Of course you can still take out an AXA rental guarantee even if your personal liability policy is with another insurance company. But in that case, you won’t receive the bundling discount.

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Support and frequently asked questions

  • What is a rental guarantee?

    AXA’s rental guarantee lets you move into your apartment without having to put down a security deposit worth several months’ rent.

    AXA will stand surety for you as the tenant. You pay an annual premium so that your landlord/lady receives a surety that provides the same security as a security deposit. Calculate quote now

  • What advantages does a rental guarantee give your landlord/lady?

    Rather than receiving a document confirming that an escrow account has been opened, landlords/ladies will receive a surety document three days after the application is made. This means they have fewer administration hassles.  They also know that the creditworthiness of their tenant has already been checked and that the tenant has personal liability insurance.  This is why rental guarantees are so popular with landlords/ladies.

  • What happens if a claim is made?

    AXA will pay your landlord/lady right away in cases of damage or back rent owed if the claim is justified. We will need the signatures of both the landlord/lady and the tenant. Sometime later we will then require you to repay us the money we paid your landlord/lady.

  • How is the premium for the rental guarantee calculated?

    The amount of the premium is based on the amount of the rental guarantee surety and is set at 4% of the rental guarantee amount. The price includes federal stamp duty. The premium is due annually. Click here if you would like a personal consultation

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