What types of policy riders are available?

Policy riders are policy additions that offer additional coverage or benefits beyond what is included in a basic insurance policy. In Texas, depending on the type of insurance policy, policy riders are available to add additional coverage options. For example, auto insurance policies can have riders for loan/lease gap coverage, accident forgiveness, and towing and labor. Homeowners insurance policies can have riders for water back-up and sewer back-up, replacement cost coverage, and identity theft coverage. Life insurance is a type of policy where riders are particularly important. Riders are available to add additional coverage for accidental death, critical illness, waiver of premiums, and disability income. Riders can also add coverage for children to be included on the policy and for conversion of policies from term to permanent life insurance. Policy riders are typically offered for a fee to provide an additional layer of protection. Depending on the policy, it is important to read the terms and conditions and speak with an insurance agent to understand what policy riders are available and what additional coverage may be necessary.

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What types of policy riders are available?

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