A written change to an existing insurance policy that adds, removes or modifies coverage mid-term.
Endorsement
A written change to an existing insurance policy that adds, removes or modifies coverage mid-term.
An endorsement (also called a rider) is an amendment to a policy that changes its terms without issuing a whole new policy. Endorsements can be added at any point during the policy term.
Common examples include adding a newly purchased vehicle, increasing a liability limit, adding an additional insured to a commercial policy, or scheduling valuable jewelry.
- Endorsements can change premium — an addition may raise it, a deletion may generate a return premium.
- They flow through download so the agency system stays in sync with the carrier.
Because endorsements alter coverage, accurate and prompt processing is important: a delayed or mishandled endorsement — such as failing to add a required additional insured — is a classic E&O exposure.