Fintiba Rent Deposit Insurance for your Accommodation in Germany (2024)

Reduction of high additional financial burden

You have the money at your disposal and keep your liquidity

Easy online application within only a few minutes

Issuance of guarantee certificate within 2-3 working days

Avoidance of double debit (e.g. if your previous deposit has not been returned yet)

No bureaucratic effort in contrast to administration of a deposit account

In case of a claim, the amount is paid out immediately and in an uncomplicated manner on first demand

Due to the process-related customer assessment, an own credit assessment by the house owner might not be needed

Availability of deposit guarantee from day one

Depending on the situation of the customer, the premium will either be deducted from the first monthly payout in Germany or will be deducted from the current account via direct debit by the insurance underwriting agency, ias – Internationale Assekuranz Service GmbH.

The certificate is directly sent to your landlord’s address.

The duration of the rent deposit guarantee is one year. If you want to extend the guarantee, you can simply do so in the Fintiba App. If you should at some point permanently live and be registered in Germany, then the contract can also run continuously.

With the rent deposit gurantee, the landlord can claim the damage to the insurance underwriting agency ias – Internationale Assekuranz Service GmbH. The requested amount will then be paid up to the maximum amount of the agreed rental deposit (max. € 5,000). You are then required to pay back the equivalent amount to ias.

Yes. The rent deposit guatantee settles rent or repair debts to the landlord up to the amount of your deposit (max. € 5,000). Please be aware that in the event of a claim, the insurance underwriting agency ias – Internationale Assekuranz Service GmbH will only pay the landlord in advance. You are then obliged to pay back the full amount of the payment that was made to ias.

Legally, the landlord is not obliged to accept the rent deposit gurantee and can insist on another type of deposit. If you face any problems with your landlord, ias – Internationale Assekuranz Service GmbH will gladly help and support you.

The rent deposit gurantee takes effect from the day on which your official guarantee certificate is sent out.

The rent deposit guarantee ends when the rental agreement has been terminated and the landlord no longer asserts any claims arising from the rental relationship. The landlord sends the guarantee certificate back to the insurance underwriting agency ias – Internationale Assekuranz Service GmbH or hands it over to you. In the latter case, you need to return the certificate to ias.

No, the annual contribution is due for providing the rent deposit guarantee. The rent deposit will not be paid off. You pay a premium of five percent (5%) of your deposit amount for the guarantee.

If you move and also want to secure the new apartment with a rent deposit guarantee, the landlord of your old accommodation needs to send the certificate back tothe insurance underwriting agency ias – Internationale Assekuranz Service GmbH via post. For the new apartment, you simply submit a new application online.

If you have not found an accommodation yet but want to make sure that the rent deposit will be covered, you can already secure a cover confirmation. You simply need to apply for the rent deposit guarantee and tell us the maximum deposit amount you would be willing to provide. As soon as you know the accommodation details and to whom you need to provide the deposit, you can add the required data. In case you are asked to provide a deposit that is lower than the maximum amount you were willing to provide, we will of course return the difference.

The rent deposit guarantee can be cancelled by sending the original version of the guarantee certificate back to the insurance underwriting agency ias – Internationale Assekuranz Service GmbH. In order to be exempted from all payment obligations, simply send it to the following address: Kleiner Ort 1, 28357 Bremen, Germany. Please be aware that the duration of the contract is 12 months. If you cancel the rent deposit guarantee before the end of this contract, the minimum annual fee will still apply, and you will not be reimbursed by ias.

If the landlord makes a claim, he will receive the requested money on first request from the insurance underwriting agency ias – Internationale Assekuranz Service GmbH. The maximum sum that can be claimed is three months’ cold rent (max. € 5,000). The money paid out will then be invoiced by ias to you and you need to pay it back to ias.

Any damage will be recorded in the handover protocol. In the case of claims of the landlord against you, either both parties agree without consulting the insurance underwriting agency ias – Internationale Assekuranz Service GmbH, or the landlord reports the claim to ias. In this case, the landlord receives the requested money on first request from ias. The maximum sum that can be requested is three months’ cold rent (max. € 5,000). The money paid out will then be invoiced by ias to you and you need to pay it back to ias.

The insurer that is providing the rent deposit guarantee is Builders Direct S.A., 253, rue de Beggen, L-1221 Luxembourg. They are represented by our partner, the insurance underwriting agency ias – internationale Assekuranz-Service GmbH, Kleiner Ort 1, Germany, 28357 Bremen – A company with more than 30 years of experience and the philosophy to take up every insurance challenge individually.

*The rent deposit guarantee is issued by the insurer Builders Direct S.A. in cooperation with the insurance underwriting agency ias – Internationale Assekuranz Service GmbH