What is an insurance policy endorsement?

An insurance policy endorsement is an addition to an existing insurance policy that clarifies, modifies, or adds coverage to the policy. It is usually an amendment that is attached to an existing insurance policy and can also be referred to as a rider. In Tennessee, insurance policy endorsements can be added to auto, life, health, and property insurance policies for an additional fee. Endorsements are used to provide additional coverage that is not included in the original policy. For example, if you purchase auto insurance for liability only coverage, you can add coverage for medical payments or uninsured motorist coverage with an endorsement. Another example would be adding coverage for valuable items such as jewelry or artwork that are not automatically covered on a home policy. There are also endorsements in Tennessee that can provide coverage for a variety of perils, such as flood or earthquake damage, that are not typically included in a standard insurance policy. In Tennessee, insurance policy endorsements must be written in plain language and must be filed with the state insurance department before they can take effect. Insurance companies are required to provide consumers with a detailed explanation of the coverage provided by each policy endorsement, including any exclusions or limitations. Before signing an endorsement, make sure you understand the coverage and make sure it meets your needs.

Related FAQs

What are the time limits for filing an insurance claim?
What are the common elements of an insurance claim?
What is a claim for bad faith?
What information do I need to provide when filing an insurance claim?
What are my rights when making an insurance claim?
When is an insurance company liable for an accident?
What evidence is needed to prove an insurance claim?
What is a no-fault claim?
What is a market value settlement?
What is the difference between an insurance policy and a benefit?

What is an insurance policy endorsement?

Related FAQs

Related Blog Posts