Services
Your local insurance agent does a lot more than you might expect. We are paid a percentage commission by the insurance company set by contract. But, we also understand that if we are to attract and retain clients, we must provide the best service we can. These are the services we provide to you.

What is a Binder?

Details
Written by: Doug Hartley
Category: Services
Hits: 2076

Binder for lender or dealershipOften, a car lender or dealer will require proof that your car is insured before funding the loan or allowing you to drive the vehicle away from the lot. The practice of securing the vehicle’s value started the first time a bank lent money to buy one. Getting a borrower to continue making monthly payments after a car is totaled is near impossible. The insurance company would take the place of a borrower and pay back the lender. The temporary proof we send to the lender obligating the insurance company to pay is called a binder. A binder acts as a stand-in until the risk is adequately underwritten and a policy is issued.

Quoting
The journey begins with a quote. We will gather only the information we need to give you an accurate quote and nothing more.
Changes
Life changes constantly. Your insurance policy can too. Depending on the company, you can make changes yourself online or on an app on your phone, or you can call, text, or email us the changes.
Binder
A binder is a temporary policy. Sometimes a lender or dealer will want immediate proof of coverage beyond the ID card you carry in your wallet or car. We'll email them a binder anytime upon your request.
Claims Assistance
We'll help you through the process after you have had an accident or loss. Your ID card has the claims phone number, but you can call or text us from the road or as soon as it's safe if you are unsure what to do next.