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Old 13.07.2011, 15:51
Chuff Chuff is offline
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Re: SwissCaution - the apartment deposit lenders thread

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If there are damages and SC pay out then you have to pay them back so it's not really an insurance policy - more a loan with an annual interest charge.
Yeah, my thoughts too.

Interesting bit form their site:

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The freedom to terminate your contract at any time

By signing up for a SwissCaution rental guarantee, you are not linked to a contract with a minimum duration. You can terminate your SwissCaution rental guarantee at the end of each calendar year without justification.

To do so, you need only to provide your lessor with a substitute guarantee of the same amount and quality.
While I understand there is no minimum contract... just to be 100% clear, am I right in understanding that the payments you make them are indefinite, i.e. it can go on forever, with you paying back your annual instalments until such time as you want to stop, upon which point you have to give your landlord either a replacement agency to guarantee the funds, or the cash deposit back in full?
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