What is the coverage rate for the alternative to the security deposit?

The rate of cover is 120% of the traditional security deposit. This means that Depozen insurance can cover the policyholder for up to 120% of the security deposit they would have had to pay if they had not taken out the insurance.

For example, if your traditional security deposit is €600, you can be covered for up to €720 by taking out the Depozen alternative security deposit.

Updated on: 15/09/2023