Jetty, a fintech firm that helps property managers improve lease conversion, cut back dangerous debt, and streamline operations, has introduced a brand new cope with Farmers Insurance coverage.
Beneath the phrases of the deal, Toggle Insurance coverage Firm, a Farmers Insurance coverage firm, will turn into the unique reinsurance supplier for all new insurance policies written beneath Jetty’s core merchandise.
“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,” mentioned Mike Rudoy, Co-Founding father of Jetty.
“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.”
The businesses comprising the Farmers Insurance coverage Group® have an ‘A’ (Glorious) ranking from AM Greatest, a U.S.-based credit standing company targeted on the insurance coverage business, serving to present Jetty’s actual property companions the arrogance to advertise Jetty merchandise to renters throughout the nation.
“Jetty is one of the first companies to shake up the outdated deposit alternative insurance market, and they have a truly compelling vision for the future, similar to Farmers and Toggle,” mentioned Stephanie Lloyd, Head of New Ventures for Farmers and President of the Toggle model.
“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.”