An insurance binder acts as a placeholder for a formal insurance policy. You may need to provide a lender with an insurance binder in order to take possession of an asset used to secure the loan.

Mortgage lenders commonly require that borrowers maintain a homeowners insurance policy on their home. Depending on how the timing lines up with closing on the property and completing the home ...

When you’re planning to buy your dream home and need to take out a mortgage, you'll need a homeowners insurance binder to close on your home. Most lenders require that you carry homeowners insurance ...

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To get home insurance as a first time home buyer, you can work with an insurance agency or get quotes online. Then, you need to send the policy to your mortgage company before closing. Find Cheap ...

You don’t have to live in a disaster-prone place for your homeowners insurance bill to make you feel like disaster has struck. Homeowners insurance premiums have risen significantly throughout the U.S ...

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While a home warranty covers major home systems and is optional, home insurance is usually required for all homeowners. You're ready to buy your home and make it your own, but how do you protect it? A ...

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See ...