binder

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Posted by jim (64.185.151.4) on August 16, 2003 at 18:57:50:

Hi, I had a question about binders.

I recently got a binder from a company, but when I went to sign the application, the numbers were all off. In fact, the quote I was given was actually over $100 less than the actual cost (due to the messed up numbers). I told the agent I wanted to go elsewhere. He cancelled the binder, but the letter stated that the reason was that I didn't turn in a signed application. I was wondering:

Do I have to pay for the 2 weeks of binder coverage?
Is there a penalty for not signing the application?
Does this mean I don't have continuous coverage (the day I cancelled the binder I got another from a better company)?

Any insight would be most appreciated.

Thanks.

Follow Ups:

Re: binder Harry 12:24:01 9/04/2003 (0)
Re: Re: binder jim 06:20:59 8/17/2003 (1)
- Re: Re: Re: binder The Answer Man 06:07:57 8/20/2003 (0)
Re: binder The Answer Man 23:23:44 8/16/2003 (2)

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Subject: Re: binder

Comments:
: Hi, I had a question about binders. : I recently got a binder from a company, but when I went to sign the application, the numbers were all off. In fact, the quote I was given was actually over $100 less than the actual cost (due to the messed up numbers). I told the agent I wanted to go elsewhere. He cancelled the binder, but the letter stated that the reason was that I didn't turn in a signed application. I was wondering: : Do I have to pay for the 2 weeks of binder coverage? : Is there a penalty for not signing the application? : Does this mean I don't have continuous coverage (the day I cancelled the binder I got another from a better company)? : Any insight would be most appreciated. : Thanks.

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