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Today's Terms
Binder
Definition:
A temporary or preliminary agreement which provides coverage until a policy can be issued/delivered.
Insured
Definition:
The person(s) entitled to coverage in case of an accident or loss.
Vehicle ID No. (VIN)
Definition:
This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine specifications, and serial number.
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