Has anyone had any experiance with AXA rental guarantee?
Thanks
I have used Swisscaution in the past and not had any issues. During my latest rental search I came across an advert for AXA who apper to offer the same service as Swisscaution.
AXA is a huge company, you won't have a problem with them. The landlord however might not agree, and insist on a deposit in a bank.
I'm also looking information about Axa... the only feedback i have are from their Facebook page, and they are not very good.
Axa are an insurance company...... They provide a deposit for a fee & thats it.
They may well come after you if you owe them money which may ne not good for you.......
Of Course, but people are complaining about customer services. Did you tried Axa ?
They are paying your deposit, what other 'customer service' do you require?
I used AXA for legal insurance for over 10 years, always very helpful & the Lawyer would email in English which is not typically 'Swiss'
I dont know, but its always good to know that you can count on them " just in case "
Insurance companies seldom pay out 100% of a claim. If you read the T&Cs there are many things that are not covered in any claim, and customers prefer to ignore this, and then get upset when their claim is not paid out in full. There are 160'000 employees at AXA, which has been trading for 200 years, so they must be doing something right, n'est ce pas?
Swisscaution is straightforward. We've been using their service for 2 years and counting. They just send out the bill every year and that's it. No problem with the regie either.
Well, after some deliberation decided to go back to what we know and setup a new agreement with Swisscaution.
Maybe next time
Not sure why people keep using these cautions. It might be good at the beginning when you have an empty account but later it's just waste of money.
Ever handed back a flat and Swisscaution had to pay for the damages?
Thats when the true fun starts.
Anyway, neither Swisscaution nor the AXA Rental Guarantee are an insurance. They just pay to the landlord and then later reclaim from you.
It is also the the two very first topics in the AXA FAQ
https://www.axa-winterthur.ch/SiteCo...tworten_en.pdf
English word I learned today: Surety https://en.wikipedia.org/wiki/Surety
it's actually quite good business.
My caution is 5500 CHF, premium would be 310 CHF. That's 5.6%
Well in my case, because at current interest rates the lump sum makes 0.1% at the bank in the special escrow account, but if I invest it, I can do better. Some years it is much better than the 5.6%, some years a bit worse, but as long as the average stays higher than the SwissCaution premium + bank interest rate then it's worth doing. Obviously, when the interest rates, the market or the premium changes, then I reevaluate.
However, this should not be construed as advice, my financial situation affords me this kind of flexibility: others may not be able to absorb the risk.