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Old 04.12.2007, 10:16
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Swisskaution - the apartment deposit lenders thread

Hello,

I thought I read something about an insurance for the deposit some weeks ago, but I cannot find it anymore.

Does anyone know which company offers such an insurance or how much this costs?

Thanks a lot!
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Old 04.12.2007, 10:21
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Re: Insurance for deposit

http://www.swisscaution.ch/
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Old 04.12.2007, 10:41
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Re: Insurance for deposit

Thanks a lot!

Seems pretty easy. Can the landlord NOT accept this and ask a deposit on a blocked account?
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Old 06.08.2008, 08:39
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Re: Swisskaution - the apartment deposit lenders thread

I have just moved here and this seems the best option. The letting agent that I am taking my apartment out with even did all the paperwork for me.

You pay annually for the Caution but it has got to be better than finding the whole chunk upfront!!!
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Old 06.08.2008, 08:49
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Re: Swisskaution - the apartment deposit lenders thread

When we got the papers for our new place, they even came with a form to fill in directly from Swisscaution in case you want to use that service. It seems that most rental agents are happy for you to use this option.
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Old 06.08.2008, 15:39
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Re: Swisskaution - the apartment deposit lenders thread

There's a relatively new product that has recently been released by Zurich Insurance together with the Houseowner's association. Here is a link to the page in English (would you believe it!!)

http://www.zurich.ch/site/en/priv/re...etkaution.html
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Old 07.01.2010, 16:59
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Re: Insurance for deposit

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Thanks a lot!

Seems pretty easy. Can the landlord NOT accept this and ask a deposit on a blocked account?
I just got offer for the apartment in Zurich with the info that they do not accept caution service, just cache on blocked account.

Cheers
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Old 13.11.2009, 12:15
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Swiss Caution

Hi:

I tried to search for previous discussions on the captioned topic, couldn't find any.

Is anyone using Swiss Caution? Are they cool to deal with?

Also, their website mentions that they would normally refund the money pro-rata in case you close out the Swiss Caution deposit before the end of the year, after deducting 20 CHF or something but they have a right to forfeit the entire amount. Do they have a history of not refunding the balance amount?

Any other things I should keep in mind while using them, would be useful.

Thanks, GS
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Old 13.11.2009, 12:16
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Re: Swiss Caution

Here you go...
http://www.englishforum.ch/insurance...rs-thread.html
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Old 13.11.2009, 12:59
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Re: Swiss Caution

In my opinion, if possible it is better to pay the deposit yourself.
We looked at the swiss caution option at first, but it ends up costing way too much. You have to the fee every year.

If you pay the deposit yourself, there is no yearly fee involved just your up front deposit. Then when you move out you get the deposit plus interest back...

It was hard to cough up the 3 months rent deposit at first, but when we moved out we had acually made several hundred francs in interest.
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Old 13.11.2009, 13:02
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Re: Swiss Caution

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It was hard to cough up the 3 months rent deposit at first, but when we moved out we had acually made several hundred francs in interest.
interest? Do they provide interest on deposits?
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Old 13.11.2009, 13:07
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Re: Swiss Caution

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interest? Do they provide interest on deposits?
Well, if you can afford to put 2 or 3 months rent aside for the deposit, it will be put on a bank account in your name, but the renting party can block the money if there is anything that needs to be paid out of that.
Accordingly you accumulate the interest on this account. With Swiss Kaution you have the opportunity not to block such an amount of money, but you pay for the privilege...

If you have a generous renting company, you may also just downpay some into the blocked account and fill it up over the next few months to reach the required deposit, but I guess not every company is willing to take this risk. But you'll have to ask to know.
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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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Old 14.11.2009, 12:09
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SwissCaution - the apartment deposit lenders thread

Just wanted to write something positive about my experience with SwissCaution.

After 6 months of looking for an apartment in Lausanne, myself and OH receieved the contract for a beautiful 4 piece last thursday.

Yesterday I went straight to the SwissCaution office in Bussigny to (apply for the deposit) where the staff were very friendly (the spoke english with me). The whole process took about 10 minutes and I walked out with the letter for my Reggie.

By the way the Reggi is Livit and I want to confirm that Livit DO accept SwissCaution for the deposit.

The 9th message on
http://www.englishforum.ch/insurance...rs-thread.html

states that Livit dont accept Swisscaution, but I can confirm that they DO.

Hope this helps

P
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Old 04.01.2010, 17:18
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Re: SwissCaution - the apartment deposit lenders thread

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?
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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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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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  #18  
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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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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  #20  
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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