NEW YORK, NEW YORK - AUGUST 8, 2017 — Jetty, the financial services company that designs products and solutions to help people navigate the obstacle course of life, today announced that its Renters Insurance product and popular Passport products are all currently available to consumers in 131 states, with Jetty Renters Insurance and Jetty Passport Deposit available to consumers in California. Jetty is on track to have its entire product bundle available nationwide by the end of the year.
The novel Jetty Passport products and Renters Insurance product, used in combination or à la carte, obliterate the obstacles modern consumers face during the rental process, giving them rapid access to the home of their dreams.
The Jetty Renters Insurance product is designed to address the realities and risks inherent to modern life. The product automatically protects normal household goods, like furniture and clothes, and offers enhancements to ensure consumers receive the full replacement cost of special items such as expensive electronics and jewelry. Jetty also offers consumers the chance to insure themselves from the risks of bed bugs, or theft that may occur during a home-sharing experience.
Jetty Passport Deposit replaces the large expense of a traditional security deposit with a small, one-time fee of 17.5% of the equivalent security deposit amount. A renter facing a $2,000 security deposit requirement would only pay a one-time fee of $350, freeing up $1,650 for other expenses. Additionally, the benefit of that one-time fee never expires, lasting the entirety of a tenant’s residency, even if they move within the property.
Jetty Passport Lease lets consumers use Jetty as their lease guarantor for a fee of 5%-10% of the yearly rental amount. Renting is hard enough without the added stress of trying to find a friend or family member who is willing to cosign and who meets the landlord's requirements. Jetty Passport Lease is applicable to a diverse range of tenant profiles, including students, expats, and the self-employed.
Jetty Member Benefits gives consumers exclusive perks and discounts on services that they already use and love to make their lives easier. The list of partners can be viewed at https://www.jetty.com/benefits/.
Jetty Co-Founder and President Luke Cohler said, “Part of the inspiration for Jetty stemmed from the issues Mike and I each dealt with while trying to rent apartments in New York. For a process in 2017 to require endless phone calls, faxes, and photocopies made no sense to either of us. The entire situation seemed ripe for improvements that reflected and took advantage of modern consumers’ comfort with tech, while recognizing the realities and risks of a modern lifestyle.”
Jetty Co-Founder and CEO Mike Rudoy said, "Our goal in building Jetty is not to ‘fix insurance,’ rather, we’re on a mission to solve real-world problems. Our first target: removing friction from the rental process for all renters and landlords. After looking at the set of problems inherent to renting a home today, we designed an all-encompassing solution that streamlines the process of meeting every landlord requirement in matter of moments, fast tracking people into their new home. We’re excited to deploy the full Jetty renters product suite in every state by the end of 2017.”
Jetty is a financial services company that designs products and solutions that help people reach their life goals faster by removing obstacles and risks. Currently, Jetty focuses on solving the problem of renting a home through a novel offering of financial services and insurance products that solve major headaches for consumers and landlords. Offered in combination or à la carte and accessible over any digital device, Jetty products are widely available across the United States; the Company aims to release its offering nationwide by the end of 2017. Ready to Jetty? Visit us at www.jetty.com
1For the purposes of insurance products the District of Columbia is counted as a state.