What do endorsements in an insurance policy refer to?

Endorsements in an insurance policy refer to modifications that change the terms of the main insurance contract, and one common use of endorsements is to add additional coverage options. This allows policyholders to customize their insurance to better fit their specific needs. For example, a homeowner might endorse their policy to add coverage for valuable personal property or to include additional living expenses in case of a loss.

While endorsements can also sometimes result in changes to premium amounts or introduce exclusions, their primary purpose is to expand or adjust the coverage provided by the original policy, making the option of additional coverage options the most accurate description.