Leasing & Deposits
What Is Jeonse deposit insurance (전세보증보험)?
Definition
Insurance that repays your jeonse deposit if the landlord fails to return it.
Jeonse deposit-guarantee insurance (전세보증보험) is a policy — offered through bodies such as HUG (주택도시보증공사) — that reimburses your deposit if the landlord cannot return it at lease end. The tenant typically pays a small premium based on the deposit size.
Why it matters
Because jeonse deposits are so large, insurance is the strongest protection against landlord default or a falling market. Confirm eligibility (it depends on the property and deposit-to-value ratio) before signing.