Deposit

Close more leases. Get more protection.

Jetty Deposit is a property manager’s secret weapon—you can stop collecting deposits and still get all the protection you need against damage or lost rent. No pooling, no hassle; just a smoother renting experience.


Jetty Deposit

All the protection of a security deposit, none of the hassle.

Jetty Deposit lowers the hurdles and headaches of signing a lease—all while offering property managers exactly the same protections of a traditional security deposit.

  

Attract more residents.

Offer prospective residents what they really want: lower upfront move-in costs.

  

Close leases faster.

No need for cashier’s checks. Sign up residents right from the leasing office with Jetty’s award-winning, mobile-friendly platform.

  

More revenue potential.

Turn a cost center into a profit center. Depending on your property, we can offer marketing and promotional fees to help you generate ancillary revenue.

  

Reduce overhead.

Smoothly handle resident deposit status and processes through Jetty’s cutting-edge technology. No more escrow accounts, interest payments, or check management.


How It Works

Cut your overhead without cutting corners.

1

Already approved.

Any resident you approve is approved by us, too. Basically, if you trust them, then so do we.

2

Purchase online.

Resident signup is easy with our quick and simple digital experience, custom-built for every property we work with.

3

Covered on day one.

Once purchased, a certificate of insurance is instantly sent to both the resident and the leasing agent.

  

For more information on claims, how we handle roommates, and more, check out the  below.

Compare Jetty Deposit

Jetty is a sure standout from other deposit replacement products.

  

Other Deposit Replacement Providers

Our Coverage

Their Coverage

Coverage

  

Instant   

  • Can be purchased in seconds
  • If resident is approved by property, then resident is approved by Jetty
  • Offers same protections as a traditional deposit
  • Approved by state insurance regulator

Other Deposit Replacement Providers

Time-consuming

  • 1- to 2-day turnaround process
  • Asks for irrelevant personal information, such as educational background
  • Credit and income checks
  • Limited geographic footprint

Our Pricing

Their Pricing

Pricing

  

Clear Terms   

  • Just 17.5% of the traditional total deposit amount
  • Transparent, fixed pricing
  • No application fees

Other Deposit Replacement Providers

Inconsistent Terms

  • Pricing can be different from tenant to tenant (making it difficult to know what to expect)
  • Risk of increasing fees upon renewal

Our Payment

Their Payment

Payment Frequency

  

Once   

  • One-time, non-refundable fee that lasts for duration of tenancy, no renewals required
  • No lapsed coverage
  • Portable coverage from rental to rental within same property or community

Other Deposit Replacement Providers

Recurring

  • Property manager is vulnerable to lapse in payment by resident
  • Renewals often required
  • Bloats the cost of the rental for tenant
  • Payment overhead and management

Our Pooling

Their Pooling

Pooling

  

No Insurance Pools   

  • Every policy is 100% backed by Jetty’s financial structure
  • Backed by industry giants to help ensure security of claims and payments

Other Deposit Replacement Providers

Insurance Pools

  • Individual property-level claims pools, exposing owners and managers to great risk at the individual property level (and leaving the property owner open to claimant risk)

Our Perks

Their Perks

Perks

  

Free Member Benefits   

  • An ever-growing suite of perks and discounts that help property managers wow residents
  • Jetty member benefits.

Other Deposit Replacement Providers

No Member Benefits

  • Zero, zilch

Plus Member Benefits   

We’ve partnered with modern, like-minded brands to offer an ever-growing suite of perks and discounts that help property managers wow residents at no additional cost.

Jetty member benefits.

Frequently Asked Questions

Q.
Does Jetty’s program require insurance pooling?
A.

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.

Q.
How do I submit a claim?
A.

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.

Q.
Does Jetty Deposit slow the resident application process?
A.

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.

Q.
Why would I want a resident who can’t afford a traditional security deposit?
A.

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.

Ready to talk? We're here to help.

Learn more about the benefits of Jetty.

  
Insurance startup? You going to be around tomorrow? We may be new, but we’re in it for the long haul. We’ve made insurance safe, fast, and easy by forging a relationship with insurance veterans State National Insurance Company, Inc. and National Specialty Insurance Company (A.M. Best "A" rated), who work with global reinsurer, Munich Re (over 135 years of experience).
  
Insurance startup? You going to be around tomorrow? We may be new, but we’re in it for the long haul. We’ve made insurance safe, fast, and easy by forging a relationship with insurance veterans State National Insurance Company, Inc. and National Specialty Insurance Company (A.M. Best "A" rated), who work with global reinsurer, Munich Re (over 135 years of experience).

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.