Principles of Risk Management and Insurance, 13th Edition

Endorsements and Riders

Insurance contracts frequently contain endorsements and riders. The terms endorsements and riders are often used interchangeably and mean the same thing. In property and casualty insurance, an endorsement is a written provision that adds to, deletes from, or modifies the provisions in the original contract. In life and health insurance, a rider is a provision that amends or changes the original policy.

There are numerous endorsements in property and casualty insurance that modify, extend, or delete provisions found in the original policy. For example, a homeowners policy excludes coverage for earthquakes. However, an earthquake endorsement can be added that covers damage from an earthquake or from earth movement.

In life ...