Jetty Renters Insurance – Jetty is a new startup financial services company that sells very affordable renter insurance policies in the United States. According to our research, this insurer is ranked as one of the top renter’s insurance companies based on its financial stability.
Although Jetty does not offer renters insurance discounts, its amazing rates make it an insurer that is worth considering.
However, this insurance provider will only offer coverage to you if you live in one of its partner properties. Nevertheless, with Jetty renters insurance, you can get coverage for your personal items and other events, whether you are at or away from home.
This guide will give you more details about purchasing renters insurance from Jetty.
What Coverage Type Does Jetty Offer?
Most renters insurance typically offers 7 coverage add-on options. However, we found out that this insurer offers 5 optional coverages.
3 out of these coverages include bedbug protection, portable electronics, and personal floater endorsements, which are very rare, while the other 2 are scheduled personal property and pet damage liability, which are more common.
Jetty includes the bedbug protection coverage as part of its standard policy, although you can reject it. The company provides the personal floater endorsement, pet damage liability, scheduled personal property, and portable electronics coverage as add-ons.
You can purchase any of the policies it sells (the basic plan, the middle-tiered essential plan, and the premium plan). To get the best out of your renters coverage, ensure that the policy contains Personal Property Coverage, Personal Liability Coverage, Medical Payments Coverage, and Additional Living Expenses (Loss of Use).
Depending on your financial situation, you may need to purchase the earthquake, supplementary flood, and insect damage insurance. Ensure you read the fine print carefully before purchasing the policy to know what it contains.
Pros And Cons Of Jetty Renters Insurance
Before choosing this insurer, below are some of the pros and cons of selecting it for your renter insurance coverage:
Pros
- Competitive rates
- It provides different additional coverage. This includes coverage for bedbug damage, personal property, and loss of use.
- Quick quotes
- No insurance brokers required
- Instant online application
- Get help with co-signing on your lease or security deposit.
- It offers coverage for damage or loss of personal belongings that happens even if you are away from home.
- It is available in 45 states in the USA.
- Claims not on actual cash value but replacement cost. This means you may be able to get more money when you file a claim.
Cons
- There are no discounts available.
- No insurance agents, meaning there will be decreased customer service experience.
- Claims are usually managed and handled by a third-party processor.
- Not available in other countries or nationwide
- It has only been in the industry since 2017.
How Much Does Jetty’s Renters Insurance Cost?
When you apply for renters insurance with Jetty, you’ll provide some basic details about yourself and your new home. They will also check your credit with a soft inquiry, which won’t impact your credit score.
The cost of your insurance depends a lot on how much coverage you select. It’s important to find the right balance. Too much or too little coverage can affect your premium.
This insurance company offers a monthly service fee of $15 to $25, based on factors like your credit, income, and rental details.
State Availability
This insurer offers policies in various locations apart from Hawaii, Florida, Indiana, North Carolina, and Missouri. Keep in mind that availability may change at any given time. Also, coverage may not be offered to all renters in a particular state.
How To Purchase Renters Insurance With Jetty
The Jetty website provides you with different information about the renters insurance and other services it offers. However, you need to know that you can’t get a quote directly from the site. If you live at any of its real estate partner’s properties, the management will offer you the unique URL. With the unique URL, you can get your price and get started with the purchasing journey.
How To File Claims With Jetty
Jetty advises policyholders to file claims via their online account on the official company website. However, you may also be able to file a claim by phone.
You can file a claim by contacting the number on their official website. To track your current claim, send an email or call your claims adjuster.
Frequently Asked Questions
Can I Customize My Policy?
Yes, Jetty offers options to customize coverage and add additional endorsements based on your specific needs.
Is There A Deductible?
Yes, renters insurance generally has a deductible, which is the amount you pay out of pocket before your insurance kicks in. Be sure to review the details when purchasing your policy.
How Does Jetty Handle Renewals?
Typically, Jetty will notify you before your policy’s renewal date, and you can decide to continue, adjust, or cancel your coverage at that time.
What Should I Do If I Need To Make Changes To My Policy?
If you have to make changes to your policy, such as updating your address or increasing your coverage, contact Jetty’s customer service for assistance.
