 Posted: Thu Sep 03, 2009 4:57 pm Post subject: |
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Most good agents will not provide you with a binder unless they have approved your application for insurance. A binder is a temporary document and if you policy was issued you should receive a package from the company with a declarations page, insurance agreement, conditions and exclusions etc..
It is important that you follow up behind your loan officer because something they have people working at insurance agencies that will just print a binder to help them close a loan. Write out a list of questions and call the company your homeowners insurance was placed with to make sure you have adequate protections.
Now would also be a good time to review your life insurance needs. |
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Ladybradwell
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Joined: 02 Sep 2009
Posts: 26
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