Bind is the insurance term used when the agent or company representative agrees to cover the item/person etc. until the formal insurance contract is issued.

To bind cover is the assurance that the the insurance is now in place even though the paperwork is not yet processed.

A temporary liability card for auto insurance is proof that insurance has been bound by the insurance company for that particular vehicle. A letter-type of document may be issued for property insurance to prove that coverage is in place.

It is best that there is no area of chance to your insurance. Ask your adviser to provide you with the paperwork showing that coverage is bound. Take control of your insurance.