Endorsements are policy modifications that change standard homeowners insurance coverage. They can add coverage, increase limits, or remove exclusions, allowing homeowners to customize protection.
Common endorsements include scheduled personal property coverage, water backup coverage, and equipment breakdown coverage. These endorsements address risks not fully covered under standard policies.
Endorsements can also restrict coverage. Some policies include endorsements that limit coverage for certain risks, such as cosmetic roof damage.
Adding endorsements typically increases premiums, but the added protection may prevent significant out-of-pocket costs after a loss.
Understanding how endorsements change homeowners insurance coverage helps homeowners tailor policies to their specific needs and avoid unexpected gaps.
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