What are the guidelines for backdating?

Backdating coverage typically involves retroactively providing insurance, which implies covering losses that occurred before the policy was purchased. Our carriers typically do not allow Pathpoint to backdate coverage.

However, Pathpoint's 100% digital platform is specifically designed to expedite the binding process, significantly reducing the likelihood of needing retroactive coverage. Here’s how:

• Direct E-Signature Collection from Insureds: Pathpoint automatically emails insureds with pre-filled subjectivity documents for immediate e-signature, streamlining the collection process. This automation minimizes delays by ensuring insureds quickly complete required documents. Additionally, agents have the flexibility to initiate the binding process once their portion of the paperwork is complete, without needing to wait until after the insured e-signs. This approach reduces downtime and avoids extra follow-up with Pathpoint, allowing faster binding..

• Automated Payment Processing: Once a bind request is approved, Pathpoint automatically sends a payment link directly to the insured or billing contact. Prompt payment helps ensure the policy becomes effective on the desired date, eliminating unnecessary delays that might otherwise necessitate backdating.

By leveraging Pathpoint's efficient 100% digital workflow, agents can ensure that policies are bound promptly, reducing the need for backdating.

How do I bind my first account?

How does Pathpoint handle endorsement and other service requests post-bind?

How can I cancel a policy?

What happens if I edit a quote?