![]() ![]() The binder has a specific term, so you need to make sure to double check the validity date of your insurance binder. Since it will take weeks or months to get the actual insurance policy, the binder is considered your “temporary policy”. The binder may be issued as soon as you request to have a home insurance policy. For example, you should be able to see information such as an address, insured names, conditions, limitations, exclusions, and endorsements. ![]() It includes all the terms and information that is needed to be in the policy. A binder usually only includes one or two pages. The binder is typically replaced in the next 30 to 90 days with the actual insurance policy. ![]() This document is crucial because it represents proof of the insurance until you will be able to receive the actual policy. It is a confirmation note that an insurance policy will soon be issued and that your property is covered accordingly.
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