Endorsement (Rider)
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An add-on that modifies your insurance policy.
Definition
An endorsement, also called a rider, is a document that adds, removes, or modifies coverage in your insurance policy. Endorsements can expand coverage (like adding jewelry protection to homeowners insurance) or restrict it. They become part of your policy when added.
Example
Adding a scheduled personal property endorsement covered Lisa's engagement ring beyond the standard jewelry limit.
More General Terms Terms
The amount you pay for your insurance policy.
The amount you pay out-of-pocket before insurance kicks in.
The contract between you and your insurance company.
A request for payment under your insurance policy.
The protection provided by your insurance policy.
The maximum amount an insurer will pay for a covered loss.
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