You've just purchased a home, secured a standard homeowners insurance policy, and feel good about protecting your financial risk that comes with owning a home.
But do you know what your standard policy covers and what common endorsements you should consider adding for your circumstance?
An endorsement or rider is an addition to a standard policy that covers specific risks or enhances existing coverage.
Here are some of the most common endorsements:
These and other endorsements and their specific coverage vary depending on the insurance company and policy.
This is one more important reason to work with an experienced independent insurance agent who has access to numbers of insurance companies.
He can help you understand what your standard policy covers, what it doesn't, and guide you on endorsements you should consider adding to adequately minimize your financial risk.