How it Works: Renters Insurance Compliance with Foxen
Free yourself from health insurance.
Tracking renters insurance compliance manually exposes your portfolio to risk — coverage gaps from forgotten renewals, wrong policy amounts, and lapses that go undetected until a damage incident has already happened. See how Foxen's renters insurance compliance platform delivers:
- 24/7/365 COI monitoring with near-instant verification
- 100% renters insurnace compliance
- Automatic enrollment when coverage lapses
- A new ancillary revenue stream
- Plus captive insurance support for operators who want to drive additional revenue and compliance through their own structure.
For multifamily property owners, operators, and PMCs looking to eliminate compliance gaps without adding work for their team.
Despite everyone's best intentions, resident caused damage is a reality every property management team will deal with. Staying on top of renters insurance is critical to protect your properties and your residents in a worst case scenario.
But tracking policies manually is more than just an administrative nightmare. It also introduces risk. Coverage gaps can happen when residents forget to renew or don't get the right coverage.
That's where Foxing comes in. Our unique solution eliminates compliance gaps to ensure protection without adding work for your team. Here's how it works: Our industry leading renters insurance compliance provides 20 fourseven, three sixty five monitoring to spot coverage gaps before they happen. Residents simply upload insurance certificates to an easy online portal and Foxen verifies compliance with the resident's lease requirements nearly instantaneously.
Insurance monitoring is backed up by our Property Damage Liability Waiver Program, which provides protection in the event a resident caused damage. New residents are automatically enrolled into the Waiver Program They can easily unenroll by providing proof of a qualifying renter's insurance policy. If their policy ends or is canceled, they're automatically re enrolled in the waiver, guaranteeing compliance for them and protection for your property.
Now here's the best part. These benefits come at no cost to your business. In fact, our waiver program introduces a new revenue stream. When residents enroll in the waiver program, it earns your business money. Foxen even supports captive insurance. Whether you have your own captive or you're interested in Formula One, you can drive 100% renters insurance compliance and more revenue for your bottom line.
Schedule a no pressure demo with us today to learn how you can ensure protection, boost efficiency, and generate new income with Fox and Waiver.
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