Most car insurance policies contain the ability to make an adjustment to the basic plan. This change in the policy is known as an insurance endorsement. In most situations, an endorsement a change to the base policy that you, as the policyholder, has requested. By requesting an endorsement, you can ensure the policy fits your needs more accurately and provides you with an adequate amount coverage. As such, it’s important to understand policy endorsement terminology when securing your car insurance policy.

What Types of Insurance Endorsements Occur?

There are many reasons why a car insurance policy may need to be altered. In many cases, these changes can impact the value of your policy as well as your coverage, premium, and exclusions. Some of the most common reasons for an endorsement include:

• The coverage amount or type changes

• You wish to add someone to your policy

• You want to add some type of otherwise excluded coverage to your policy

• You want to increase the amount of insurance coverage you have

• The listed drivers on your car insurance change

These are only a few of the ways you can alter your policy to make sure it is a better fit for your needs. Endorsements are quite common, and even expected today. There are many reasons for this, including the simple fact that people recognize the importance of having an insurance plan that fits their specific risks very closely. If you hope to make a change to your existing car insurance plan, you’ll be able to do so at the time of renewal. If you are looking for a new car insurance policy, and find one that may offer some of the coverage you need, you may be able to obtain an endorsement at that point as well.

Whenever your car insurance doesn’t fit your specific needs, talk to your agent directly. It is possible to make changes to policies before the current contract expires, though this might mean you’ll need to establish a new car insurance plan at that time. And, if you notice any policy endorsements present on your plan, be sure to talk to your agent about what they mean. Call Ten Eyck at (518) 464-0059 for a Albany auto insurance quote.