Deposit Bond
When renting a home, traditional security deposits can be a significant upfront cost for tenants. In response to this, insurance bond is emerging as a flexible and cost-effective alternative.
How Much Doest It Cost?
Monthly Indicative Price of Deposit Bond: €1.67
How Does It Work?
Tenants apply for an insurance bond. This involves paying a smaller premium, which is a fraction of the traditional deposit amount.
The insurance bond covers various risks, such as damage to the property, unpaid rent, or other costs outlined in the lease agreement.
If the landlord needs to make a claim, the insurance provider assesses the situation and compensates the landlord up to the amount covered by the bond. The tenant may then be responsible for reimbursing the insurance company, depending on the policy terms.
Download this Bond example now and see how it works for you.
Get a Quote!
_edited.png)
