In plain English
It is a formal document that records a change to an existing insurance policy. Once attached, it becomes part of the policy and sets the revised terms, coverage, or conditions.
In context
Here, endorsement means the updated policy document that becomes part of the policy and reflects the change to its terms, coverage, or conditions.
- Situation
- Renewing, changing, cancelling, and retrieving policy documents
- What it communicates
- labels an updated policy document issued after a change
Meaning limits
The term itself does not say what specific change was made.
Examples
“The insurer attached an endorsement to the policy to change its coverage and conditions.”
“Keep the endorsement with the policy, as it sets out the revised terms.”