We make the enrollment process simple. By adding our renters insurance addendum to the lease, residents are automatically signed up for our program. This allows Foxen to easily monitor and manage compliance for residents with third party coverage and guarantee 100% compliance.
Our dynamic portal provides real-time data on the status of each resident. If a policy is canceled or happens to expire, we immediately place the resident into our waiver program. If a current certificate is provided, the waiver is then removed. This eliminates the risk of a lapse in coverage or uninsured financial loss due to tenant negligence.
Positive Financial Impact
Through our solution to managing compliance, we can help reduce insurance premiums, as well as eliminate uninsured property damage. Also, we offer a generous revenue share that increases property value and NOI.
MARSH & McLENNAN COMPANIES
Marsh and Foxen collaborate with the landlord or property manager to onboard covered properties and create a client’s own captive insurance company.