When you sign your rental agreement, a deposit of several months’ rent is usually due. You now have two options: You can deposit your money in a rental deposit account with a bank as security or take out rental guarantee insurance. Rental guarantee insurance gives you the same security as depositing your money with a bank, but you don’t have to pay a rental deposit. Helvetia stands surety for you in respect of your landlord with a surety certificate. This gives you financial flexibility so that you can put the money into new furniture, for example.
Helvetia does not charge any administration fees and has an impressively attractive premium and an annual cancellation period. The main differences in brief: