Jetty Insurance Review 2017

Insurance, Renters Insurance

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Beth Buczynski

at a glance

  • Offers customizable renters insurance
  • Has a membership benefits program
  • Isn't available in all states

Overview

Jetty is a specialized insurance agency that offers customizable renters insurance policies. You can also add optional endorsements called Power-Ups.

Jetty sells through its website, with customer support available by phone or email. It was founded in 2015 and is available in 28 states and Washington, D.C.

The company is also able to act as as lease co-signer and guarantee security deposits. Called “Passport Products,” these landlord services are available in 30 states.

Financial strength

Insurance from Jetty comes through State National Cos., which is rated A (excellent) by A.M. Best. Financial strength ratings indicate an insurer’s ability to pay claims. Jetty is also backed by Munich Reinsurance Co.

options and availability

Jetty’s basic renters insurance policy pays for:

  • Damaged or stolen belongings
  • Living expenses if your home is made uninhabitable due to a problem covered by the policy
  • Unintentional damage you cause to another person or their property
  • Medical bills you’re responsible for if you or your family injure someone

Jetty policies can be customized by purchasing these endorsements:

Valuables protection: Additional coverage for items worth over $1,000, like jewelry

Personal electronics protection: Pays for damage to devices in situations excluded by a standard policy, like dropping and breaking

Bedbug protection: $300 to deal with bedbug infestations that have been certified by a licensed pest control professional

Airbnb host protection: For damage that occurs while you’re hosting through a short-term rental platform but isn’t caused by your guests, like a neighbor’s fire next door

Here’s where Jetty renters insurance is available:

Jetty doesn’t have agents; you get quotes and buy policies through its website. Buying a policy takes less than two minutes, according to the company. Claims are made by calling a 24-hour claims line.

More about Jetty Insurance

In addition to renters insurance, Jetty offers several “surety bonds” intended to make renting easier. Surety bonds are legal contracts made among three parties — in this case, you, the landlord and Jetty. To use these services, your landlord or leasing company must be registered with Jetty, so availability may be limited.

Passport Deposit: Takes the place of a security deposit via a one-time fee you pay to Jetty

Passport Lease: Jetty guarantees the lease, essentially acting as a co-signer, for a fee

Jetty policyholders also have access to a range of member benefits, like discounts on online interior design and meal-subscription plans, among others.

About the author