Recently, hundreds of victims have been coming out due to all kinds of jeonse and can jeonse.
Starting with the metropolitan area, victims of jeonse fraud continue to emerge from the provinces.
I hope there will be no more victims of this kind of news.
So, today, we’re going to look into the ‘Jeonse Guarantee Insurance subscription’, a safety device that can protect the Jeonse deposit for those who are worried that they won’t get the Jeonse deposit back.
In fact, I don’t think there’s a better way to protect my lease deposit.
Since May 23, the requirements for joining the lease deposit have also changed.
Let’s take a closer look at the changed lease guarantee insurance requirements.
The lease deposit return guarantee that can keep the lease deposit is operated in three places: Seoul Guarantee Insurance (SIG), Korea Housing Finance Corporation (HIF), and Korea Housing and Urban Guarantee Corporation (HUG).
It operates in three places with deposit return guarantees
Seoul Guarantee Insurance (SIG)
Korea Housing Finance Corporation (HIF)
Housing and Urban Guarantee Corporation (HUG)
Among them today, we will look at the conditions, application methods, and precautions for HUG charter guarantee insurance, which can be carried out by the Housing and Urban Guarantee Corporation.
What is Jeonse Guarantee Insurance?
What is Jeonse Guarantee Insurance?
When the lease expires, in principle, the landlord must return the lease deposit to the tenant.
By the way, there are many unpredictable reasons and situations that can’t be returned on time.
At this time, the insurance product that guarantees the lease deposit is called jeonse guarantee insurance.
Going to sign up for HUG Chonse Guarantee Insurance
You must access the ‘Housing City Guarantee Corporation’ site to subscribe to HUG Chonsei Guarantee Insurance.
Search for ‘Housing City Guarantee Corporation’ through the search box.
If you access the Housing City Guarantee Corporation site, you can sign up for a lease deposit on the first screen.
On the first left menu of the website, there is a part that guides you to subscribe to the Jeonse deposit return guarantee.
Learn how to sign up for charter guarantee insurance
There are a total of three ways to sign up for HUG lease deposit return guarantee insurance.
◆ Application after visiting HUG branch or consignment bank
◆ HUG Housing & Urban Guarantee Corporation Mobile HUG App Installation Application
◆ Mobile application
☞ Naver Real Estate > Financial Products > Guarantee of Return of Jeonse Deposit
☞ Kakao Pay > Simple Insurance > Jeonse deposit return guarantee
☞ KB Kookmin Card > Access to Kookmin Card Mall APP > Access Life Shop > Jeonse Guarantee
You can sign up for lease guarantee insurance in a way that is easy to use.
Housing eligible for HUG lease guarantee insurance
In order to subscribe to HUG Chonse Guarantee Insurance, the real estate sales you want to obtain must correspond to the target houses below.
a detached house
multi-family housing, multi-family housing, row housing, multi-family housing
Welfare housing for the elderly
Apartment houses (apartments)
officetel (residential use only)
Officetels are also available for lease guarantee insurance, but only if the purpose of the officetel is for residential use.
Office officetels are not available for lease guarantee insurance.
How to check if it’s a residential officetel must be marked as “residential” in the documentation for checking the object of mediation, so please check it.
Application period for HUG charter guarantee insurance
In the case of HUG charter guarantee insurance, there is a fixed period of time to apply.
It is impossible to sign up after that period, so you must check the application period.
♥ When making a new contract: You can apply only until 50% of the contract period has elapsed, based on the late date of notification of move-in and the date of balance payment in the contract
♥ When renewing the contract: Applications can only be made until 50% of the contract period indicated in the contract has elapsed
Learn how to sign up
The HUG lease guarantee insurance subscription process will be carried out in the following order.
Find out how much you can guarantee and how much you can guarantee
The deposit amount is divided into the metropolitan area and other areas.
◆ 700 million in the Seoul metropolitan area
◆ Within 500 million other regions
The maximum guarantee amount can be within the guarantee limit of the amount requested by the tenant.
However, the maximum guarantee amount standard varies depending on whether it is in the metropolitan area or not.
Then I’ll tell you how the guarantee limit is set.
The guarantee limit is determined by the amount of the house price minus senior bonds. HUG 전세보증보험 가입
★ Guarantee limit: House price – Senior bond
★ House price: Estimated based on real estate technology market price of Korea Real Estate Agency or KB market price
★ Senior bonds: Secured bonds with preferential repayment rights over the jeonse deposit of the applicant for guarantee insurance
★ For example: If you remove a copy of the register of a house with a market price of 600 million won based on KB, there is 300 million as a senior bond in the fundamental mortgage right, and the guarantee limit is 300 million won minus 500 million won.
☞ At this time, if the lease deposit is 300 million won, you can subscribe to guarantee insurance.