Jetty announces new deal with Farmers Insurance Group
Jetty is announcing a new deal with Farmers Insurance. Under the terms of the deal, Toggle, a Farmers Insurance company, will become the exclusive reinsurance provider for all new policies written under Jetty’s core products: Jetty Deposit and Jetty Renters Insurance.
Jetty works with top property managers across the country to increase lease conversion rates, reduce bad debt, and streamline operations. Partners include Greystar, LivCor, Related, Pinnacle, MG Properties, Cortland, Trammell Crow, Griffis Residential, and more, representing more than one million units nationwide. Jetty’s products are written on ‘A’ rated paper, and are admitted in 49 states and D.C.
“This is an important and really exciting new collaboration for Jetty, and is a major vote of confidence in the strength of our products and the depth and quality of our real estate distribution channel. In addition to its brand equity and robust balance sheet, a key factor in our working with Farmers was our shared vision around innovation and disruption in the financial services space, as evidenced by their startup brand, Toggle. Working together, we’ll be able to quickly deliver even more value to our real estate partners, as well as to the renters who are the ultimate consumers of our products.” – Mike Rudoy, cofounder of Jetty.
“Jetty is one of the first companies to shake up the outdated deposit alternative insurance market, and they have a truly compelling vision for the future, similar to Farmers and Toggle. We share Jetty’s passion and excitement for the real estate market and renter financial ecosystem, and we believe our existing products and collaborations can help accelerate the overall vision and deliver real mutual value.” – Stephanie Lloyd, Head of New Ventures for Farmers and President of the Toggle brand.