On this episode, Elio interviews Jay Harkrider, Managing Partner at Foxen. Foxen provides innovative insurance solutions and financial services to property owners, property managers, and residents. Foxen was launched to solve the problem of rental insurance compliance by automating the policy verification process. Many multi-family apartment complexes and rental properties require tenants to carry renters insurance. Before Foxen’s rental insurance compliance product was launched, property managers had to manually verify their tenants’ rental insurance policies at the time of application and intermittently to ensure the policies remained in force.
Unfortunately, the tedious nature of verifying insurance policies manually means that the task often goes undone or is inaccurate exposing property owners to a great deal of risk if an incident occurs and the tenant’s policy is not in force. Jay experienced this firsthand when his real estate investment firm Coastal Ridge was on the hook for an incident involving a tenant whose policy had lapsed.
Jay and the team at Foxen leverage their extensive expertise as property managers to deliver technology-driven products that seamlessly meet the needs of their customers. Foxen’s products solve for flawed and antiquated processes, while simultaneously creating property revenue and financial wellness for residents. Enjoy!
You can find Jay Harkrider at:
You can find Foxen at :
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