No, Jetty does not use property-level "pooling." Each Jetty Deposit policy (technically, a "surety bond") is part of Jetty’s national insurance portfolio and is fully backed by our insurance partners. From the first resident that signs up, your property is protected for the entire coverage amount, from day one. There’s no building and managing an insurance pool, and no risk that the funds will run out if claims are made.
Jetty’s online system makes it easy to submit a claim. Just send us a description and photos of the damage (where necessary) for instant review. And because we want to keep things simple for you, your standard tenant “move-out” form is likely enough to file the claim.
No, it speeds it up! We don’t add any overhead to your existing application process. Once you assess and approve a potential resident, they’re automatically approved by Jetty—we trust that your process is enough to be our process, too. Tenants will be able to pay and show proof of insurance in under two minutes through an online portal co-branded with your property.
Just because a renter uses Jetty Deposit doesn’t mean they can’t afford a cash deposit. It simply means they’d like to hold onto that cash in the short term. And sometimes, renters just don’t want to leave the leasing office to get a cashier’s check. Also, offering Jetty Deposit is a great way to free up additional capital for your renter, which can then go toward a higher rent budget.