Insurance Endorsement (Policy Change)
An insurance endorsement is a policy change which amends the existing insurance contract which changes the terms or scope of the original policy. An insurance endorsement can add, delete, exclude or otherwise alter coverage of the policy. An insurance endorsement will be issued in the middle of the policy term. It is a legally bound amendment to the policy.
Purpose
An insurance endorsement is a policy change which offers options to insureds to add coverage or increase coverage limits, but insurers may also issue special endorsements to limit or restrict […]