An add-on to an insurance policy that changes or expands what's covered.
An insurance rider is an endorsement or amendment added to an existing insurance policy that modifies its terms, expands coverage, or adds new coverages not included in the standard policy form. In construction, riders are used to add coverage for specific equipment, scheduled locations, or specialized activities. Riders may increase the premium and must be requested in writing from the insurer.
A contractor adds a rider to its equipment policy to cover a newly purchased $150,000 tower crane not listed on the original policy schedule.
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