What can a home endorsement do for you?
If you need to adjust your homeowners insurance coverage, the idea of securing a whole new policy might be very unappealing. Luckily, you can make the changes you need by tacking an endorsement onto your policy. Here’s what you need to know about home insurance endorsements and your coverage.
Insurance Endorsement Basics
An insurance endorsement, also known as a policy rider, is an amendment or addition to an insurance policy that changes its terms or coverages. For instance, an endorsement can be used to add or limit certain coverages in your policy. Additionally, they can also be used to add or remove people or locations from your policy as well. Depending on the changes that your endorsement makes, your insurance premiums will be adjusted accordingly.
How They Work
Once you add an endorsement to your policy, it essentially becomes a part of it. This means that the changes your endorsement makes will remain valid until the expiration of your homeowners insurance policy. At this point, you can simply renew the conditions of your endorsement just like you would the rest of your policy. There are some cases in which endorsements are only valid for a limited amount of time. These endorsements come with a term length and the changes that the endorsement makes will only be valid during this time.
This is what adding an endorsement onto your homeowners insurance policy can do for you. Do you have additional questions regarding your home coverage? Don’t hesitate to contact the experts at Westwood Insurance Agency for assistance today.