Jeonse Deposit Insurance Calculator

Jeonse deposit insurance (전세보증보험) is a critical safeguard for tenants in Korea's unique jeonse rental system. When you pay a large lump-sum deposit (often hundreds of millions of won), this insurance guarantees you'll get your money back even if the landlord faces financial difficulties, bankruptcy, or refuses to return the deposit. Three major institutions offer this coverage: HUG, SGI, and HF, each with different rates and eligibility criteria.

HUG (주택도시보증공사) is the most popular choice with the lowest general rate at 0.115% annually, and offers a preferred rate of 0.096% for eligible tenants. SGI (서울보증보험) charges 0.128%~0.358% depending on the deposit size — higher deposits may face higher rates. HF (한국주택금융공사) offers rates from 0.05% to 0.136%, potentially the cheapest for qualifying properties. Consider eligibility requirements, not just rates, when choosing.

Each institution has different eligibility criteria. Generally, the property must have a confirmed date (확정일자), the deposit must be within certain limits relative to the property value, and the lease must be properly registered. HUG typically requires the deposit to be 80% or less of the property's market value. Some institutions offer reduced rates for first-time renters, newlyweds, or low-income tenants.

Compare all three institutions before deciding — rate differences can save you hundreds of thousands of won over a 2-year lease. Check if you qualify for preferred rates (우대요율) based on income, age, or renter status. Some local governments offer subsidies for jeonse insurance premiums. Apply early in your lease term to maximize coverage. Consider a 2-year policy if your lease is 2 years, as it's often more cost-effective than two separate 1-year policies.