This can cause issues when you’re trying to drive a new car off the lot or trying to get a car loan from a bank.
When getting car insurance, there can sometimes be difficulties in getting your policy information right away.
An insurance binder is needed when waiting for a full policy to be established and can be requested from the insurance company as needed.Insurance binders have all the coverage of normal insurance but only last a short time of 30 to 60 days, or until the full policy is available.Insurance binders are temporary insurance policy documents that are issued while a full policy is being underwritten.
