What is an Endorsement in an insurance policy?

An endorsement in an insurance policy refers to modifications made to the coverage provided within that policy. This can include adding new protections, changing existing policy terms, or clarifying coverage details. Depending on the specific needs of the policyholder or changes in circumstances, endorsements allow the policy to be adjusted and tailored to better fit individual situations.

This flexibility can address evolving risks that were not apparent at the time the policy was originally purchased. For instance, a homeowner may want to add a specific endorsement to cover a newly acquired valuable item or to increase coverage limits following renovations.

In sum, endorsements play a critical role in allowing policyholders to adapt their coverage in response to personal changes or emerging risks, ensuring that their insurance remains relevant and adequate.