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  #41  
Old 19.07.2010, 23:09
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Re: Swiss Caution

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interest? Do they provide interest on deposits?
Yes, however, the interest rates are ridiculously low, even lower than on savings accounts.

Martin
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  #42  
Old 20.07.2010, 14:03
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Re: SwissCaution - the apartment deposit lenders thread

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I don't understand...if you do a proper inspection when you move in there shouldn't be a problem when you move out. If there is, it is because the incoming inspection wasn't thorough enough. Many tenants do not place enough importance on the incoming inspection and realise their mistake when they move out. When you take over a new house/apartment you should make sure that absolutely everything is written down. You also have ten days in which to add things to the list restrospectively (the number of days may vary from canton to canton I understand).

The inspection is part of it. They can take upto a year to do the final bill which includes painting costs (prorated) and final calculations of heating and maintenance costs (again prorated). The 1 year limit is ridiculous. A friend had a huge deposit and the guy would not send him the painting bill for a year, saying he was too busy. Strange place, i tell you..but you are right on the inspection part of it.
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  #43  
Old 22.07.2010, 17:20
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Re: SwissCaution - the apartment deposit lenders thread

does anyone know if a landlord accepts "swiss caution" if they will generally also accept another provider's version, e.g. Zurich Insurance have a deposit guarantee policy too.
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  #44  
Old 22.07.2010, 17:30
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Re: SwissCaution - the apartment deposit lenders thread

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does anyone know if a landlord accepts "swiss caution" if they will generally also accept another provider's version, e.g. Zurich Insurance have a deposit guarantee policy too.
It seems more landlords are familiar with Swisscaution than the Zürich product. However, I have to say that the Swisscaution is less complicated for the tenant. It does not require the landlord's signature, whereas with Zürich it does.

Swisscaution is quite fast. If you submit all that is needed, it is a matter of several days. Communication in English is not a problem either.
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  #45  
Old 23.07.2010, 08:59
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Re: SwissCaution - the apartment deposit lenders thread

Thanks for the tips although I do have one further question. I've seen comments in other threads about it being difficult to cancel the cover after leaving an apartment as SwissCaution apparently need a letter from the landlord to confirm you've moved out. If the landlord is slow doing this then you keep paying...

Anyone have any knowledge of this or other positive / negative experiences with SwissCaution?

thanks
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  #46  
Old 23.07.2010, 09:23
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Re: SwissCaution - the apartment deposit lenders thread

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Thanks for the tips although I do have one further question. I've seen comments in other threads about it being difficult to cancel the cover after leaving an apartment as SwissCaution apparently need a letter from the landlord to confirm you've moved out. If the landlord is slow doing this then you keep paying...

Anyone have any knowledge of this or other positive / negative experiences with SwissCaution?

thanks
The premium you pay to SwissCaution is on a per annum basis, all your landlord needs to do is return the 'certificate' and that is enough proof for them. SwissCaution will then reimburse you for the remainder of the annual contract (Jan-Dec).
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  #47  
Old 23.07.2010, 09:24
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Re: SwissCaution - the apartment deposit lenders thread

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.

Anyone have any knowledge of this or other positive / negative experiences with SwissCaution?

thanks
Plus I've used them for over 3 years on 3 different apartments and never had any issues with them.
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  #48  
Old 23.07.2010, 09:26
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Re: SwissCaution - the apartment deposit lenders thread

Excellent and thanks for the info.
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  #49  
Old 28.09.2010, 19:47
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Re: SwissCaution - the apartment deposit lenders thread

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We've recently moved out of a flat and we used SwissCaution when we moved in. However, now that we're out of the flat, SwissCaution insist that we should continue to pay the insurance fee because they have not received the Sclussbrief(?) from our previous rental agency yet.

Question is, do we have to continue to pay SwissCaution even if we no longer live at that apartment? Our previous rental agency VonGraffenried of Bern is dragging their heels with sending out the Schlussbrief.

Any one able to help?
I have a similar problem. The landlord didn't accept swisscaution so I had to pay the deposit myself.

Now (3 years later) SwissCaution are still giving me BS about it & I've got a bankrupcy order for 500francs or so.

Customer service simply do not want to know. AFAIK the landlord binned the 'certificate'.
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  #50  
Old 03.10.2010, 18:14
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Re: SwissCaution - the apartment deposit lenders thread

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I have a similar problem. The landlord didn't accept swisscaution so I had to pay the deposit myself.

Now (3 years later) SwissCaution are still giving me BS about it & I've got a bankrupcy order for 500francs or so.

Customer service simply do not want to know. AFAIK the landlord binned the 'certificate'.
sorted out now BTW. they backed down
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  #51  
Old 07.10.2010, 01:31
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Re: SwissCaution - the apartment deposit lenders thread

First post:

Quick question that I've not seen answered on the Swiss caution website:

Is the only advantage simply that the annual charge avoids the need to pay a much larger initial deposit?

The scheme describes itself as an "insurance" which I initially presumed meant that if something was damaged, then the "insurance" would pay for it. But the FAQs on the site seem to say that you still have to pay for damages, once the lessor has been paid by Swiss caution.

Clarification would be greatly appreciated.

Background: we are moving to the Zurich area in about 3 weeks time, and have found a nice flat. We are able to pay the 3 months deposit, but are wondering if the Swiss caution scheme would be better.

Thanks for any information.
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  #52  
Old 07.10.2010, 12:32
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Re: SwissCaution - the apartment deposit lenders thread

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First post:

Quick question that I've not seen answered on the Swiss caution website:

Is the only advantage simply that the annual charge avoids the need to pay a much larger initial deposit?

The scheme describes itself as an "insurance" which I initially presumed meant that if something was damaged, then the "insurance" would pay for it. But the FAQs on the site seem to say that you still have to pay for damages, once the lessor has been paid by Swiss caution.

Clarification would be greatly appreciated.

Background: we are moving to the Zurich area in about 3 weeks time, and have found a nice flat. We are able to pay the 3 months deposit, but are wondering if the Swiss caution scheme would be better.

Thanks for any information.
No damage insurance is sold by different companies. Apparently this is only if you cannot pay the 3 months and you can.
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  #53  
Old 07.10.2010, 12:46
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Re: SwissCaution - the apartment deposit lenders thread

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Is the only advantage simply that the annual charge avoids the need to pay a much larger initial deposit?
Yes, you can free up the cash and use it to buy furniture. I personally dont see the point of letting all that money sit in the bank when I have better use for it.
Also, should you need to end your lease, landlords have the right to hold your deposit for up to a year here. Using Swisscaution means that you dont have to constantly worry about trying to get your money back.

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The scheme describes itself as an "insurance" which I initially presumed meant that if something was damaged, then the "insurance" would pay for it. But the FAQs on the site seem to say that you still have to pay for damages, once the lessor has been paid by Swiss caution.

Clarification would be greatly appreciated.
No. You will have to take out a separate insurance for this. Should there be any damage, Swisscaution will pay the landlord and charge you - where you will in turn have to claim it from the insurance company which you've taken out the household liability insurance with. Trust me, the vast availability of different insurances here, did make my head spin initially.
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  #54  
Old 07.10.2010, 22:05
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Re: SwissCaution - the apartment deposit lenders thread

OK, thanks for the replies.

We aren't wealthy, but do have enough saved up to pay the nearly 8,000 CHFs deposit. Yep, we could well do with that cash to ease our transition to Switzerland, but the obvious dilemma is that the Swiss Caution payments are non-recoverable, whereas the deposit is. I was hoping for a bit more inducement to go down the SC route.
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  #55  
Old 08.10.2010, 14:26
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Re: SwissCaution - the apartment deposit lenders thread

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OK, thanks for the replies.

We aren't wealthy, but do have enough saved up to pay the nearly 8,000 CHFs deposit. Yep, we could well do with that cash to ease our transition to Switzerland, but the obvious dilemma is that the Swiss Caution payments are non-recoverable, whereas the deposit is. I was hoping for a bit more inducement to go down the SC route.
Correct, it is technically non-refundable, much like a commission. SC can add up to a fair bit year after year.
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  #56  
Old 31.12.2010, 17:33
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Swisscaution rent deposit scheme - good or bad?

Looking around for apartments, I came across this alternative to a rental deposit advertised on homegate.ch. Is this known? Is it a good thing or a bad thing, cos it looks like it could help me out. It also looks too good to be true and that makes me cautious.

Thanks

(here a link to what I found: http://www.homegate.ch/mieten/mietzinskaution)
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  #57  
Old 31.12.2010, 17:38
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Re: Swisscaution rent deposit scheme - good or bad?

I know the mods probably have better things to do tonight, but until one comes along and merges you, I suggest you read this thread.
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  #58  
Old 31.12.2010, 17:39
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Re: Swisscaution rent deposit scheme - good or bad?

Can i groan? Can i can i??

OP search the forum. There is loads of info
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  #59  
Old 31.12.2010, 17:40
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Re: Swisscaution rent deposit scheme - good or bad?

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Can i groan? Can i can i??

OP search the forum. There is loads of info
Don't be so grumpy Gata. It's new years eve!
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Old 31.12.2010, 17:43
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Re: SwissCaution - the apartment deposit lenders thread

Thanks for giving me the link GG. It is so much easier to merge if someone else does the work of finding the relevant Thread!

Happy New Year.
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