![]() ![]() Now, a car insurance binder differs from a full policy in at least two ways. In other words, it contains general terms upon which you and your new auto insurance company agreed for your new policy. You can obtain the document relatively quickly upon request.Īn insurance binder for an automobile contains vital information about your coverage, including your current auto insurance rates. What is an auto insurance binder, and when do you need it?Īn auto insurance binder is a temporary document that you can present to businesses, agents, or professionals in certain situations. Since auto insurance binders are short-term, the terms and conditions of your pending policy are subject to change. ![]() Your auto insurance binder should include information like the types of coverages you have chosen and your potential auto insurance rates.Insurance binders are only temporary, but you can use them as proof of insurance when valid. ![]()
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