Endorsement / Rider
A modification to your insurance policy that adds, removes, or changes coverage.
An endorsement (also called a "rider," "amendment," or "floater") is any change to your insurance policy outside of a regular renewal. Endorsements can add coverage (e.g., scheduling a $15,000 engagement ring), remove coverage (e.g., dropping collision on an old car), or modify terms (e.g., adding a teen driver, changing your address).
Most endorsements are issued mid-term and prorated — you pay only for the portion of the policy term remaining. A typical homeowners endorsement to schedule jewelry might cost $15-$30/year, prorated to $12 if added with 4 months left in the policy.
Common types in personal lines: - Scheduled Personal Property (jewelry, fine art, collectibles) - Replacement Cost on Contents - Water Backup & Sump Pump Failure (NOT covered by standard homeowners!) - Service Line (covers buried utility lines from the curb to the house) - Equipment Breakdown (covers HVAC, water heater, electrical panel breakdowns)
Common types in commercial: - Additional Insured (naming a landlord or client on your CGL) - Waiver of Subrogation - Hired and Non-Owned Auto
Geneva proactively recommends endorsements at every renewal review based on what's changed in your life since last year.
Related terms:Policy·Personal Property Coverage (Coverage C)·Coverage
Related Geneva services:Home Insurance·Auto Insurance