To avoid risk while waiting for an insurance policy to be formally accepted, an insured may choose to have the insurer issue a binder to provide interim coverage.

Name: To avoid risk while waiting for an insurance policy to be formally accepted, an insured may choose to have the insurer issue a binder to provide interim coverage.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

The waiting period between the offer and the acceptance opens the insured to potential risk. To avoid this risk, the insured can arrange to have the insurer issue a binder.

To Avoid Risk While Waiting for an Insurance Policy to Be