The short answer here is yes!
The longer answer is that if the resident is moving to a different unit in the same building or community, their policy can transfer—but your leasing team will need to let us know of any changes, like an increase in the bond amount.
It’s also important to note that if a resident transfers their Jetty Deposit policy to a new unit, this is done under the assumption that they have not caused damage or failed to pay rent at the previous unit. After the policy is updated, the property will not be able to file a claim on the previous unit.
Issuance of coverage is subject to underwriting review and approval. Coverage may not be available in all states. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of State National Insurance Company, Inc. (NAIC No. 12831), Bedford, TX, in all states except Florida, and National Specialty Insurance Company (NAIC No. 22608), Bedford, TX, in Florida (collectively, “State National”). Coverage scenarios are hypothetical and shown for illustrative purposes only. Coverage is dependent on the actual facts and circumstances giving rise to a claim.
Jetty Insurance Agency LLC (Jetty) is an insurance agency licensed to sell property-casualty insurance products. Jetty will receive compensation from State National for such sales. Refer to the Legal Notices section for additional information.