Rider
Definition
An addition to an insurance policy that modifies coverage, often used interchangeably with endorsement. Riders can add coverage for specific items (scheduled personal property), increase limits, or add protections not included in the base policy.
When This Matters
You add a scheduled personal property rider to your homeowners policy to cover your $15,000 engagement ring, which exceeds the standard jewelry sub-limit.
Related Terms
Have a question about rider?
Ask the Professor about Rider →