Definition of "Endorsement"

Marty Miller, Broker/Owner real estate agent
Marty Miller, Broker/Owner, Real Estate Agent Miller & Associates Real Estate, LLC

Written agreement attached to a policy to add or subtract insurance coverages. Once attached, the endorsement takes precedence over the original provisions of the policy. For example, under a homeowners policy an inflation guard endorsement is used so that property damage limits are increased automatically to reflect an increase in the cost of construction in the community. Vandalism and malicious mischief can be added to the Standard Fire Policy through an endorsement.

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