All you need to know about rental security deposit insurance - for newcomers!

Once you arrive in Switzerland and secure a home, you will have to pay an expensive rental deposit for your flat. Is there a more cost-effective solution?

In Switzerland, many landlords ask for a rental deposit consisting of two to three months’ rent. This money remains blocked in the rental deposit account until you move out.

That is money that you would most likely prefer to put to better use, like buying furniture for your new home.

When you leave your home, there are often disputes with the landlords, who may find damages to the rental property and be unwilling to reimburse your deposit.

The smarter alternative: Rental deposit insurance

With an insurance solution, you can avoid conflicts of this sort, not to mention that it is less expensive. Instead of paying a deposit of CHF 3,000 you would pay a premium of CHF 126 per year, according to Helvetia’s online calculator.

In order to benefit from a rental deposit insurance, you will need to contract a personal liability insurance.

For the insurance company this guarantees that the costs of any damage to the rental property are covered.

Your insurance advisor from Helvetia will be able to conclude both types of insurance and minimize your time involvement.

Household contents insurance is also essential to ensure that your personal possessions are insured against damage or loss such as fire, water or theft.

Book a meeting with a specialized insurance advisor for expats.

A professional insurance partner can provide the right answers in a consultation, take the strain off you and support you with appropriate solutions.

For further details on these insurance solutions, we recommend you contact a specialized insurance advisor for expats. They can offer comprehensive advice on rental deposit insurance and many other matters relating to insurance and pensions.