1733 Lake Drive West, 126, Wayne, NJ, United States
Insurance works by pooling small amounts of money (premiums) from a large group of people to pay for the unlucky few who suffer covered losses (claims). Since it’s impossible to predict how much money will be needed to cover these losses, the amounts people are asked to pay may be higher than what’s needed some years. Often, there’s money left at the end of the year.
Insurance companies take this money as profits. That may make them reluctant to pay claims, since it damages their earnings. But we think there’s a better way. Instead of keeping this money, we intend to pay it forward to causes people care about and help bring positive social impact to local communities and global causes. Years with high claims and other expenses may deplete the “Giveback,” but the good news is that our actuaries (the folks who crunch the numbers for these sort of things) say that there “should” be some money left over for most causes every year.
Note, the Giveback is currently not recognized as a tax deductible donation- sorry!
Your stuff got stolen or damaged? This is the máximum amount you'll be able to claim. Please note that if you own jewelry or art ítems that are worth more than $1,000 each, we'll give you an option to add them later. A rule of thumb is $10,000 per person living with you.
If someone gets hurt on your property and decides to take legal action, this is the max amount we'll pay to cover legal expenses and medical costs.
We hope this never happens, but if your place is unlivable, we'll put you up in a nice hotel or similar rental home. We'll also inelude living expenses to get you back on your feet. This is the max that we'll pay in such an event.
We'll cover medical expenses up to this amount if a guest or neighbor is injured on your property.
Summary only. Read our Policy for all coverages
A faulty Christmas light or your attempt at deep frying can cause some smoke and fire damage. We cover you for both.
Wind, lightning and hail are scary. You're covered for all of them. Flood insurance isn't part of the basic policy.
Your home is full of stuff: furniture, clothing, appliances. We cover you if any of it is stolen or damaged.
A person slips and falls at your party breaking a leg. Your friendly dog Fido bites a guest. Stuff happens and you get sued. Not only do we hire a lawyer to defend you, but we cover the costs to get you out of this jam.
Your date cuts a finger while chopping veggies for dinner at your place and needs stitches, or the babysitter sprains an ankle running down the stairs to answer the door. Don't worry. These medical expenses are covered.
While you're inside sipping hot cocoa, your pipes may be feeling a chill. If anything happens, you're covered.
We do not cover structural or personal property damage caused by seismlc tremors or earthquakes.
We do not cover structural or personal property damage caused by floods.
Our policy does not cover your roommates' stuff or personal injuries.
If your dog bites someone you're covered, as long as it's not one of the high-risk breeds listed below, or has any prior attack history.
Breeds we don't cover: Pit Bulls, Staffordshire Terriers, Doberman Pinschers, Rottweilers, Germán Shepherds, Chows, Great Danés, Presa Canarios, Akitas, Alaskan Malamutes, Siberian Huskies, Wolf-hybrids (unless they are certified as a Seeing Guide Dog, Hearing Dog or is Trained to Assist the Physically Disabled).
We'd be happy to let you know more details! You can learn everything about your policy and how Mojito insurance works.