Your binder will outline the basic terms, coverages, deductibles, and named insureds that will appear in your contract. It serves as proof of insurance for your home, property, or car. It's issued by an authorized representative. Once your insurer issues your policy, it eliminates the need for a home insurance binder. Insurance Binder Defined An insurance binder is temporary. By comparison, a declaration page is the first page of your policy - it summarizes your coverages.
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