Bind is the process of providing additional details and approvals following the quote to officially initiate a new policy. Following Bind, the users policy is effective and they will interact with Policy Management and Claims, if required. Documentation for Policy Management and Claims is coming soon.
The following table and flowchart outline the key interactions and requirements associated with Binding policies via the Trōv API.
User enters additional personal information required to bind quote and create a policy.
User enters payment information, which is processed by third party or partner after the quote is accepted and bound (see next step).
User accepts quote after providing profile and payment information.