What does Rider mean? Read on to discover the definition & meaning of the term Rider - to help you better understand the language used in insurance policies.
A rider is an extra provision that can be added to an insurance policy. Riders add more coverage in exchange for increasing the cost of the policy. Riders are a way for people to customize their insurance policies so they can pick and choose the benefits they want while not paying for the riders they don't want.
We hope the you have a better understanding of the meaning of Rider.