Jetty

Jetty builds financial products for rental housing and sells them through property managers rather than direct to renters. Three products sit on the platform: Jetty Deposit, a security deposit replacement that swaps a cash deposit for a low monthly or one-time payment; Jetty Protect, renters insurance built for real estate that carries the liability coverage operators require; and a credit-building service that reports rent payments so residents build credit history while property managers reduce delinquencies.

Distribution is through partner properties. The contact page tells renters that Jetty products are only available through its network of partner properties and to ask their property manager whether their building is on it. Coverage is written by State National Insurance Company (NAIC No. 12831) of Bedford, Texas in every state except Florida, and by National Specialty Insurance Company (NAIC No. 22608) in Florida. Jetty Insurance Agency LLC is a licensed property-casualty insurance agency and is compensated by State National for the sales it makes. Issuance of both Jetty Deposit and Jetty Protect is subject to underwriting review and approval, and coverage may not be available in every state.

The company says its products are available in two million rental units and counting, and that it has joined forces with Rhino, the combined business now serving over 6 million units; property managers are pointed to a demo of the combined product suite. Its address is 217 Centre Street, New York.

Read the policy itself for terms, conditions and exclusions rather than relying on the coverage scenarios on the site, which are described as hypothetical. Operators should confirm state availability, which of the two carriers applies, and exactly what the deposit replacement pays for compared with holding a cash deposit.