You’re legally required to have proof of insurance in order to drive, so you can use your binder if you are pulled over by the police. While your policy will contain all the details of your insurance, your binder will provide an overview of the important points.
What Is a Car Insurance Binder, and How Do You Get One?Ī car insurance binder serves as a temporary form of insurance as your policy is being processed. Here’s what you need to know about car insurance binders and how they work. When you purchase a car insurance policy, you’ll often get a binder to use as a temporary form of insurance before your policy is finalized. One common term to be aware of is the concept of a car insurance binder.
When shopping for a new car insurance policy, you may hear a lot of industry terminology that you aren’t familiar with.
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