Buy a house, and at closing all we need is an insurance binder
with the mortgagor named as the additional insured in case the place burns to the ground.
It can be disguised, for example, as just "special," coverage in the insurance binder
, he said.
I find most essays on professionalism to be as interesting as insurance binder
fine print; however, this Ides of March effort by Senior Editor Gary Blankenship was the exception.
In some cases, the essential contractual terms of an insurance binder
may be inferred from established insurance business standards or relationships.
In May, an ACORD working group discussed the potential development of a new enhanced property insurance binder
He said a fence and lights could be put around the rink to help prevent accidents, and said the town would provide an insurance binder
so the authority would not face any liability.
This means that there is an inconsistency in the insurance policy with the insurance binder
, cover note, placing slip, etc.
However, the insurance binder
will usually include a disclaimer that puts this responsibility on the insured, but most borrowers, when faced with an insurance decision at the time the loan is being made, are guided by the premium costs rather than the coverage.
The carrier notifies Diligent coverage has been bound, and Diligent sends Flipper an insurance binder
as proof of coverage until the policy issues.
For instance, if the brand is supposed to be ease of doing business with customers, agents must be sure not to keep people on hold for 20 minutes while they hunt for an insurance binder
or statement, van Aartrijk said.