What is the Definition of Endorsement?

What is the Definition of Endorsement?

A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions. Sometimes called a rider.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Endorsement?

What is the Definition of Endorsement?

You can find random definition and meaning of insurance terms below:

Meaning of Terrorism Insurance in Insurance Terms

Included as a part of the package in standard commercial insurance policies before September 11 virtually free of charge. Terrorism coverage is now generally offered separately at a price that more adequately reflects the risk. The Terrorism Risk Insurance Act (TRIA) was created by Congress in 2002, and renewed for two years in December 2005, to provide a temporary backstop for incurred losses resulting from certain acts of terrorism.

Meaning of Third-Party  Administrator in Insurance Terms

Outside group that performs clerical functions for an insurance company.

Meaning of Third-Party Coverage in Insurance Terms

Liability coverage purchased by the policyholder as a protection against possible lawsuits filed by a third party. The insured and the insurer are the first and second parties to the insurance contract. (See Firstparty coverage)

Thank you for visiting our website and read this FAQ article about "What is the Definition of Endorsement?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter