Overview
Firstcaution is an insurance company that specialises in no-deposit rent guarantees. The company is approved by the FINMA (Swiss Financial Market Supervisory Authority).
Firstcaution offers no-deposit rent guarantees for residential and commercial leases, with no limit or ceiling, throughout Switzerland. The fact that Firstcaution is approved by the FINMA means that landlords and letting agencies can rest assured that they are secure, that the guarantees issued are reliable and that they are dealing with a trustworthy organisation. We meet all the specifications laid down by the federal authorities, particularly on the following points:
- Shareholders’ equity of CHF 8,000,000;
- Set-up fund of CHF 1,600,000;
- Implementation of a FINMA-approved business plan.
The landlord is relying on a service provider whose financial capacity ensures a long-term sustainability that is greater than that of all other companies in the market.