An insurance binder is temporary coverage pending the issuance of an actual policy. It is effective until the policy applied for is approved and issued or is declined by the insurance company. The binder is usually effective for 30 or 60 days. The binder is typically a single page document without any of the substantive terms and conditions of an actual policy of insurance, containing only basic information about the coverages provided by the binder. Or, the binder can be found on the actual insurance application in a section above the signature.