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In Reply to: binder posted by jim on August 16, 2003 at 18:57:50:
I am a auto insurance broker, I will explain you, If you could call me,
562 422 4751
Harry
hmakhijani@hotmail.com
: 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.