HUG Jeonse Deposit Return Guarantee Insurance Premium Calculator

Enter your jeonse deposit, guarantee period, and guarantee rate to estimate your HUG jeonse deposit return guarantee insurance premium. Since guarantee rates change periodically, enter the rate yourself, or check the debt-ratio helper below for a reference suggestion you can apply.

Suggested rate

Debt ratio = (senior liens + jeonse deposit) ÷ estimated housing price × 100. Leave blank if unknown and enter the guarantee rate directly below.
Select a housing type and enter a debt ratio to see a suggested rate
This is the value actually used in the calculation. Enter it directly, or click "Apply this rate" above after using the suggestion helper — you can edit it at any time afterward.

Enter the deposit amount, guarantee period, and guarantee rate to estimate your premium.

About HUG jeonse deposit return guarantee insurance

Jeonse guarantee insurance, offered by the Korea Housing & Urban Guarantee Corporation (HUG) and similar institutions, protects a tenant's large jeonse deposit by guaranteeing its return even if the landlord is unable or unwilling to pay it back at lease end — a significant protection given how much money is typically at stake in a jeonse arrangement. This tool calculates the guarantee premium based on your deposit amount, guarantee period, and rate.

How the premium is calculated

The formula is straightforward: premium = guarantee amount × guarantee rate × (guarantee period in days ÷ 365), rounded to the nearest 10 won — since the rate isn't a single fixed number set by law but varies based on factors like the property type and the landlord's debt ratio, this tool includes a debt-ratio helper that suggests a reference rate based on housing type and debt ratio inputs, which you can then apply and further adjust as needed rather than relying on a hardcoded value.

Frequently asked questions

Why isn't there one fixed guarantee rate for everyone?
HUG and similar guarantee institutions assess risk based on factors like the type of housing (apartment vs. other housing types) and how much existing debt is secured against the property relative to its value (debt ratio) — a higher-risk profile (more existing debt relative to property value) typically results in a higher guaranteed rate to reflect the greater chance the guarantee will actually need to be paid out.
What does the debt ratio helper actually calculate?
It's a reference tool that suggests a starting guarantee rate based on the housing type and debt ratio you enter, reflecting typical published rate tiers — but the suggested rate is meant as a starting point you can review and adjust, not a guaranteed final quote, since actual underwriting can involve additional factors specific to your situation.
Why is the premium calculated using exact days rather than months or years?
Calculating based on the exact number of days between your guarantee start and end dates (rather than rounding to whole months or years) gives a more precise premium that matches the guarantee period you actually select, rather than over- or under-charging based on a coarser time unit.