How to sign up for HUG lease guarantee insurance is simple and inexpensive, so you must sign up to protect your lease funds. As the proportion of subscribers to HUG lease guarantee insurance at the Housing and Urban Guarantee Corporation is 93%, many people are signing up.
I will tell you how to sign up for HUG charter guarantee insurance, the price of the guarantee amount, and the preparation documents.
How to sign up for HUG charter guarantee insurance
Table of Contents jasminevista.com
Advantages of Guarantee Insurance
Method and Conditions for Subscription of HUG Chonse Guarantee Insurance
Cost of purchasing Jeonse Guarantee Insurance
preparatory documents
1. Advantages of Guarantee Insurance
There is a lot of damage nationwide that the lease funds cannot be returned from the lessor. The lease guarantee insurance is a guarantee product that is responsible for the return of the lease deposit to prevent such accidents.
Currently, it is only available in three places: the Housing and Urban Guarantee Corporation (HUG), the Korea Housing Finance Corporation (HF), and the Seoul Guarantee Insurance (SGI), all of which are established for public purposes and can be signed up more reliably.
In order to prevent damage to jeonse and to safely return the jeonse funds in the future, it is recommended to subscribe to jeonse guarantee insurance to the minimum.
2. Method and Conditions for Subscription of HUG Chonse Guarantee Insurance
If you look at the percentage of subscribers to Jeonse Guarantee Insurance, it is as follows.
Housing and Urban Guarantee Corporation (HUG): approximately 92%
Korea Housing Finance Corporation (HF): approximately 5%
Seoul Guarantee Insurance (SGI): Approximately 3%
In general, you can see that most tenants sign up through the Housing and Urban Guarantee Corporation.
Terms of subscription
At the core, you must meet the following four points, and you can check the details through self-diagnosis.
Self-diagnosis of subscription status
Terms of subscription
The deposit amount is less than 700 million won in the Seoul metropolitan area (Seoul, Gyeonggi, Incheon), and less than 500 million won in other areas
guaranteed apartments, single/multi-family, row/multi-family homes, residential officetels
Before the application deadline lease contract period of 1/2 (50%)
Guaranteed rate 0.115% to 0.14% per year depending on the type of house and the amount of guaranteed
How to sign up
There are a total of three ways to sign up.
1. Application to visit the branch of the Housing & Urban Guarantee Corporation or to visit the entrusted bank (Woori, Gwangju, Shinhan, Kookmin, KEB Hana, Company, NH Nonghyup, Busan, Gyeongnam)
2. Non-face-to-face applications are also available through mobile applications. (You can go to the application page immediately.)
Naver Real Estate
Kakao Pay
KB Kookmin Card
3. Using the HUG Mobile Warranty App
3. Price (cost)
There is a certain subscription fee to subscribe to the Jeonse Guarantee Insurance. The approximate cost depends on the type of house and the amount of the guarantee, but the guarantee fee rate is 0.115% to 0.154%.
Calculate the cost of the guarantee amount
Guaranteed amount Guaranteed amount Guaranteed fee rate Guaranteed cost
700 million won 0.154% about 1.08 million won
500 million won, about 770,000 won
400 million won. About 620,000 won
300 million won about 460,000 won
If you want to know a more accurate guarantee cost, you can find out a more accurate amount through an automatic calculator, so if you need it, please check it out.
Automatic calculation machine for guaranteed amount
This is the approximate cost. Recently, there is also a government subsidy that allows you to return up to 300,000 won in deposit return guarantees.
Jeonse deposit support system site
4. preparatory documents
As a prerequisite before signing up, you must receive the notification of the move-in and the confirmed date as soon as possible after the lease contract.
Notification of move-in: The notification of move-in has the opposing power to claim the lease right to the landlord
Date of confirmation: The date of confirmation is the legal date of proof of the lease contract, and if the house is auctioned, it can secure the “priority repayment right” to receive the deposit first
It requires a lot of documents to purchase warranty insurance and only accepts documents issued within one day. Common documents are as follows.
Documents to be submitted for Jeonse Guarantee Insurance
Additional documents for each type of house and documents submitted for discount on guarantee fees can be accurately found on the bulletin board of the Housing and Urban Guarantee Corporation.