What Is an Insurance Endorsement?
An endorsement to an insurance policy is a document that becomes part of the policy itself and is intended to extend, limit or clarify the coverage contained in the basic insurance policy form.Insurance Policy SectionsNot all insurance policies are standardized but they commonly contain the same sections: declarations page, conditions and coverage form. The coverage form contains the insuring agreement that explains what is covered and the exclusions which explain what is not covered.EndorsementAn endorsement is an addition to the policy that seeks to amend the policy in some way. It may extend or broaden the coverage provided in the basic policy form or it may limit the coverage by adding additional exclusions. Endorsements may also simply clarify coverage terms that are ambiguous.RidersOccasionally endorsements are referred to as riders although this is uncommon. Endorsements referred to as riders are generally seen in personal lines of insurance instead of commercial insurance.When
