Effective Date and Hour:
This binder is evidence that [name of insured], has placed the described insurance with the above Company for the amount set forth. This binder shall remain in force for [#] days from the date of commencement of liability hereunder or when, if earlier, it is replaced by a policy of the Company,and is subject to all the terms and conditions of said policy as customarily issued by the Company. This binder may be cancelled by the Insured by mailing to the Company written notice stating when, thereafter, such cancellation shall be effective. This binder may be cancelled by the Company by mailing to the named insured at the address shown in this binder written notice stating when not less than ten days hereafter such cancellation shall be effective.