SwissCaution offers the same guarantees as a bank. SwissCaution is an insurance company subject to the law on insurance contracts and consequently to the supervision of the Swiss Financial Market Supervisory Authority (FINMA).
The SwissCaution rental guarantee procedure is simple, efficient and quick. We process a rental guarantee request immediately provided the tenant sends us the request and all the necessary documents and pays the CHF 231.- flat-rate registration fee. The rental guarantee document is then sent directly by courier to the lessor or the lessor’s representative with a copy sent to the lessee.
No, only the lessor or the lessor’s representative can release the rental guarantee. To do this, the lessor or the lessor’s representative needs to sign and return the original rental guarantee to SwissCaution.
Only the lessor or the lessor’s representative (real estate agency) can release the rental guarantee by returning the original rental guarantee, signed by both parties, to SwissCaution directly. SwissCaution then pays the lessor all debt associated with the lessee’s rental contract up to the maximum amount of the guarantee. To find out more, please contact us or visit the Internet site dedicated to real estate professionals: pro.swisscaution.ch