Endorsement
An addition or amendment to a standard insurance policy that modifies its terms or coverage.
Detailed Explanation
Also called a rider, endorsements customize your policy to address specific needs or concerns, such as adding coverage for valuables, home businesses, or perils typically excluded by standard policies.
Practical Example
Samantha added a water backup endorsement to her homeowners policy after experiencing a sewer backup, providing coverage for this type of damage which was excluded in her standard policy.
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