Jet Insurance Company is the first to offer pay-as-you-go bonds
CHARLOTTE, North Carolina, June 21, 2022 /PRNewswire/ — After eliminating the middleman and introducing cutting-edge technology, Jet Insurance Company is now the first and only surety company to provide on-demand surety bonds to its customers. Jet breaks the mold by offering a true monthly “pay-as-you-go” option with no additional fees or down payments.
“Previously, surety managers had to pay their sureties up front, sometimes with the option of funding their premium with third-party companies that charge high APRs, exorbitant fees, and hefty down payments. We believe the surety should be as easy as your car insurance, so we’ve introduced our monthly option,” John Pappalardo, VP.
Jet Insurance Company’s streamlined app produces an instant quote, allowing its customers to purchase and print a copy of their surety bond in minutes.
The monthly option automatically renews, keeping the bond in effect as long as the card on file is valid or until the customer stops payments. Jet customers can withdraw at any time with the click of a button, voiding the deposit without any penalty.
“Our clients love these monthly payments. After a decade of working in surety bonds, I can confidently say this is a game-changer. The process is simple, the math is simple, and the upfront cost is so low! It will be a industry standard,” Pappalardo continued.
Jet Insurance Company is headquartered in Charlotte, North Carolina. Jet is currently licensed in 37 states, as well as the District of Colombia, and is in the process of obtaining approval to issue bond and loyalty products in all 50 states. For more information send an e-mail [email protected] or visit https://jetsurety.com.
Contact: Sadie Giacomelli, [email protected]
SOURCE Jet Insurance Company