What is the Definition of Rider?

What is the Definition of Rider?

An attachment to an insurance policy that alters the policy’s coverage or terms.

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 Rider?

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


What is the meaning of Swap

an agreement to exchange or net payments as the buyer of an Option, Cap or Floor and to make payments as the seller of a different Option, Cap or Floor.


What is the meaning of Tenants

homeowners insurance sold to tenants occupying the described property.


What is the meaning of Term

period of time for which policy is in effect.


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