What types of policy riders are available?

In Michigan, policy riders are special provisions that can be added onto an existing insurance policy to broaden or customize coverage. These riders are usually offered as an additional service for an additional cost and it is important for policyholders to discuss the types of riders available with their insurance company. The most common type of policy rider is the liability rider. This is usually added to an automobile or home insurance policy to provide additional coverage in the event of an accident or damage to a vehicle or home. Another common policy rider is a medical payments rider. This type of rider is usually added to a health insurance policy or homeowners insurance policy. It helps to pay for medical bills incurred in the event of an accident or illness. Other types of policy riders include coverage for personal property, accidental death and dismemberment for specific types of injuries, and coverage for losses due to theft or vandalism. Each policy rider must be carefully considered to make sure it is the right coverage for the policyholder’s specific needs. Some policy riders may also require additional documentation and forms to be filled out before the rider can be added to the policy. Insurance companies can provide more information about the details and costs of any policy riders they offer.

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What types of policy riders are available?

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