Insurance endorsements allow you to make amendments or additions to an existing insurance policy. Endorsements can extend your personal property coverage, personal injury coverage and covered perils.
Endorsements let homeowners customize their coverage to better suit their needs. Here's how:
What are insurance endorsements?
An Insurance endorsed product represents legal, binding modifications to the original insurance coverage you purchased. Your first policy could include normal damage, such as replacement of a roof during an explosion.
However, loss of expensive personal possessions – like jewelry and furniture – can be excluded. For more security, you can add endorsements.
What are homeowners insurance endorsements?
Homeowner insurance endorsements provide a new level of homeowners insurance coverage as part of the existing coverage.
Homeowners insurance endorsement allows for customization if you have particular assets you want to protect, such as valuable personal belongings.
How do insurance endorsements work?
Insurance endorsements change the coverage of a particular insurance. You can request endorsements to increase your insurance rates, so ask your broker for more information.
What is an endorsed insurance certificate?
A certificate of endorsement adds coverage for an additional party on your liability coverage. This includes any endorsements to the original homeowners insurance policy or other type of policy.
What is the HOBIZ endorsement?
HOBIZ, or Home Business Insurance Coverage, is an optional endorsement for home businesses. Also referred to as a home business endorsement, this amendment allows broad liability and property coverage as part of an existing policy.
Life changes quickly. Having the right coverage and making appropriate changes to your insurance policy can make all the difference. Speak with your local homeowners insurance provider to learn more about endorsements you may need.
About the Author
Kevin Kelleher
The thing that sets me aside from other agents is my experience, I started out a young man in construction learning everything from anyone that could teach me so before long I had my own company as a remodeling contractor then specialized in historical renovations by the end I had the pleasure of working on great jobs with great clients for 30 years. For the past 12 years, I have been enjoying the process of assisting my faithful clients with real estate transactions my knowledge of houses has given my clients a huge advantage when viewing properties and what is needed when selling. I have always enjoyed working with people and helping them in probably the largest investment they will make. I hope you will give me the chance to show you that honesty and hard work does pay off in the end whether you're buying or selling.
