Endorsements, riders, and add-ons are all the same thing. They allow owners to expand their coverage according to their location, possessions, and unique needs. The right endorsement allows you to have a wider umbrella of coverage if something goes awry.
Here is a list of the most frequent home add-ons.
- Swimming Pool Coverage
- Foundation Coverage
- Equipment Breakdown Coverage
- Foundation Costs
- Water Backup
- Buried Utility
Swimming Pool Coverage
Pools are risky whether they’re full or empty and are considered high-risk. Related injuries aren’t covered under standard policies, and people can become injured at any time. Diving boards, slides, slips, and falls are common injuries.
Equipment Breakdown Coverage
Commonly called appliance coverage, equipment breakdown coverage covers a number of items not covered under traditional insurance. With this endorsement, appliances such as tech devices, refrigerators, laundry implements, HVAC systems, and gym equipment qualify for repairs or replacement.
Water Backup
Sump pumps, storms, wear and tear, leaks, and other home issues can cause water damage, which can be costly if not quickly fixed. Your rider will cover water backups.
Buried Utility
You could be held liable for cuts or broken power and utility lines, particularly if you caused the damage rather than the company itself. An endorsement policy will cover power lines, water pipes, cables, and main sewer lines.
Foundation Costs
Traditional insurance policies won’t cover damage, repairs, or replacement of home foundations. However, one of the top add-ons will cover this essential part of the home. Common signs of foundation problems include sticking doors, never floors, sagging windows, and cracks in the foundation or basement. Typical causes include:
- Poor Soil Conditions
- Landscaping Near the Home
- Plumbing Problems
- Faulty Construction
- Standing Water and Poor Drainage
Fixing a foundation can be costly, making this a valuable endorsement.
Need a Solid Home Insurance Policy?
There’s no better place to get insurance for standard policies and riders than Bryan Insurance Agency LLC in New Windsor, NY. Call today.