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Rental guarantee insurance without a security deposit is widely used in Switzerland and is a form of rental guarantee recognized by landlords.Rental guarantee insurance from AXA provides your landlord with the same financial security as a security deposit at a bank – only the service is quicker and better.
Rental guarantee insurance is a surety that serves as a guarantee for your landlord on your behalf. And all you pay is 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 for any justifiable damages or rent owed. Sometime later we will then require you to reimburse us for this amount.
If you have to put up a deposit for your apartment, you have two options: Take out rental guarantee insurance or pay the deposit into a security deposit account. We’ll show you how they differ.
Your current AXA rental guarantee policy cannot simply be transferred to your new apartment. When your lease ends, you must cancel your rental guarantee insurance. If you’ve already paid your annual premium, then we will refund it to you after discussing the matter with your landlord. When you rent a new apartment, all you need to do is sign another contract with us for the new rental guarantee amount. You will then receive a new rental guarantee certificate.
Of course you can cancel the rental guarantee insurance at any time. Just have your landlord confirm the cancellation in writing and return the original surety document. You are responsible for paying the premiums for the AXA rental guarantee insurance until the end of your lease.
While you have to pay the full deposit into a security deposit account all at once, with rental guarantee insurance from AXA, you can access your money any time you like. You only pay 4% of the rental guarantee amount as an annual premium to AXA. If you file a claim, we’ll check to see if it's a personal liability claim.
Rather than receiving a document confirming that a security deposit account has been opened, landlords will receive a surety document three days after the contract is concluded. This means they have fewer administration hassles. They also know that the creditworthiness of their tenant has already been checked. This is why rental guarantee insurance is so popular with landlords.
AXA rental guarantee insurance offers tenants several advantages:
AXA will pay your landlord right away in cases of damage or unpaid rent if the claim is justified. We will need the signatures of both the landlord and the tenant. Sometime later we will then require you to repay us the money we paid on your behalf as tenant.
The premium is based on the amount of the rental guarantee surety and is set at 4% of the rental guarantee amount plus 5% federal stamp duty. The premium is due annually. Click here if you would like a personal consultation.
Rental guarantee insurance from AXA provides landlords with the same security as a security deposit in a bank. The landlord will receive the surety three to five business days after the contract has been concluded by the tenant.
No, your premiums are used to pay for the surety that AXA provides for you as a tenant. This surety is AXA’s guarantee that it will pay in advance for any damage to the apartment or any unpaid rent owed up to the defined amount during the term of your lease.
Rental guarantee insurance is limited to a maximum amount of CHF 20,000.
Your landlord reports damages to the apartment or makes a claim for unpaid rent. To do this, they must send you the original surety document with their signature. You must sign this document to give your consent and then we will transfer this amount to your landlord. We will claim this amount back from you later on.
If the disagreement is about damages to the apartment, you should always report these to your personal liability insurance first. It will cover any justified liability claims and protects against unsubstantiated ones. If your landlord has initiated debt collection proceedings, we are required to pay the debts without your consent if:
Yes, your landlord has the right to ask you for an ordinary security deposit with a bank. This is stated in your lease agreement.
The premium you have paid will be refunded.
Yes, no problem. After you talk with your landlord, you can take out AXA rental guarantee insurance at any time.Once the funds have been released from the security deposit account, your bank will refund your security deposit to you.
You pay 4% of the security deposit amount each year as an annual premium for as long as you live in the apartment and as long as your rental guarantee insurance is in force.
No, because higher rent doesn’t change the amount of the security deposit. Since the security deposit remains the same, you will continue to pay the agreed annual premium.
