Skip to Content


A binder is legal agreement issued by either an agent or an insurer to provide temporary evidence of insurance until an insurance policy can be issued.

On This Page

Additional Information

Binders should contain definite time limits, should be in writing, and should clearly designate the insurer with which the risk is bound. They should also indicate the amount of insurance, the type of policy, and (in the case of property insurance) the perils insured against.