Homeowner Insurance Binder Meaning. The definition of an insurance binder is a temporary insurance contract that offers the binder holder fully effective insurance coverage while they wait for the formal issuance, or. What is a homeowners insurance binder?
The definition of an insurance binder is a temporary insurance contract that offers the binder holder fully effective insurance coverage while they wait for the formal issuance, or. An insurance binder acts as your proof of insurance while your full policy is processed. A homeowners insurance binder is a temporary document issued by an authorized insurance representative that can serve as proof of.
