Definition

A clause that prevents coverage for conditions you had before starting the policy. It defines the starting point for your protection.

What to consider

  • Ensure endorsements match your needs.
  • Review any additional costs associated.
  • Understand how endorsements affect overall coverage.

Real world scenarios

  • A business added an endorsement to its liability policy to cover additional risks.
  • An individual requested a policy endorsement to include extra coverage for a specific medical device.
  • A homeowner obtained a policy endorsement for flood coverage after moving to a high-risk area.

Related terms

Insurance & Financial Protection