This bindable quote is the insurance companies offering to the doctor, officially, where the doctor can say he/she wants to purchase a policy and the insurance company is then obligated to give the doctor a policy for that price. ... A bindable quote is the final offer from the insurance company.

What does bindable mean in insurance?

When your agent binds a policy, it means that he or she, as a representative of the insurance company, confirms that coverage is in place. ... A verbal or written binder is generally used to address the time period between the effective date of coverage and when the policy or endorsement is issued by the insurance company.

What are insurance quotes?

a statement of the amount of money that an insurance company calculates as the cost of providing insurance for something: Get an immediate insurance quote for your car by calling us now or visiting our website.