These car insurance underwriters use this information to:
It is essentially how your car insurance rates are determined.ĭuring this process underwriters from your insurance company will verify the information you provided in your application. The underwriting process is very important in the insurance world. The time it takes to finish underwriting policies varies, but generally it should take around 10 days.
A binder will act as your insurance until the underwriting process is through and your car insurance company issues you your actual policy. At its simplest definition, a car insurance binder is temporary car insurance.
