UMS insurance

Your tailored insurance cover!

Notify us of the party with whom you have signed a sublease contract, and you will benefit from the first insurance cover of its kind in Switzerland by selecting a potential subtenant referred by us.

And the best part of it is, UMS insurance with Zurich Insurance Company Ltd is free of charge for you and your subtenants! UMS covers all costs associated with the insurance.

If worst comes to worst

UMS insurance is a so-called subsidiary insurance. It is implemented if the subtenant does not pay for damages himself or if the damages are not covered by an existing insurance.

IMPORTANT: We are not liable ourselves for damages caused by a subtenant referred by us. Instead, we ensure that all subtenantss who were referred by us are covered by a liability insurance (either by their own insurance or by UMS insurance).

Its cover extends to risks as follows:

• Damage to the rental premises of up to CHF 5 million per event
• Damage to movable rental property of up to CHF 10,000 per lease contract
• Loss of rental income up to a maximum of three months' rent per lease contract

Your deductible is CHF 500 per event.

Like all insurances, UMS insurance adheres to the usual conditions and liability limits. No insurance will cover damages caused by intention or by illegal actions.

Important requirements for the insurance validity

• The signing of a sublease contract or an extension of an existing sublease contract was declared to UMS within 10 days of the subtenant moving in or within 10 days of the commencement of the extension.
• The insurance cover shall commence upon the first rental payment and continue for the duration of the sublease as declared to UMS for a maximum period of 18 months. So, only transfer the property when you have actually received the (initial) payment!

For further details on UMS insurance, please click here (General conditions of insurance) or contact us directly.