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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Auto Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Binder |
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In auto insurance, this is a receipt issued-by either the insurance company or an insurance agent on behalf of an insurance company-that ensures insurance coverage becomes effective immediately. Each insurance company has different rules on whether coverage is bound and the length of time coverage is bound with or without premiums. |
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Learn More about Auto Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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