Insurance endorsements, also known as insurance riders, are legally binding changes to an insurance policy that allow policyholders to customize or enhance coverage to suit their specific needs. Endorsements can increase or decrease coverage limits, change addresses or names, or otherwise alter the policy. They take precedence over the original policy and void outdated information. There are four main types of endorsements: standard endorsements, nonstandard endorsements, mandatory endorsements, and voluntary endorsements. Standard endorsements refer to commonly used modifications that are widely available. Nonstandard endorsements, on the other hand, are customized changes to meet unique requirements. Mandatory endorsements are typically required
from
https://insuranceintellect.com/what-is-an-insurance-endorsement/
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