Insurance endorsement: What policyholders should know

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.