An endorsement found in an insurance plan which modifies the provisions of the policy is called rider
What’s an insurance endorsement?
- An endorsement is a term used to denote a policy document update. An endorsement is often known as a "Addendum."
- Its goal is to document any changes to the initial terms of the insurance in order to reflect the parties' negotiated agreement.
- An endorsement can be linked to the policy or contained in the policy statement, usually near the end.
- It can be used to amend the terms of a conventional policy, in which case it will be attached from the start of the cover
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