What does Insurance Endorsement mean? Read on to discover the definition & meaning of the term Insurance Endorsement - to help you better understand the language used in insurance policies.
An insurance endorsement is a change in the policy initiated by the policyholder. The change adds or deletes a provision which changes the price of the premium. The provision added is called a rider. The endorsement is attached to the original policy upon approval of the insurer.
We hope the you have a better understanding of the meaning of Insurance Endorsement.