homeowners insurance binder

Insurance Binder

Insurance Binder   An insurance binder is a temporary document issued by an insurance company that serves as proof of insurance coverage while your formal insurance policy is being processed. It’s essentially a placeholder that provides immediate coverage while the more detailed and permanent policy is being finalized. Think of it like a temporary license plate for your insurance. It allows you to legally drive or own the insured item (car, house, etc.) while the official paperwork catches up. Here…