Home Insurance Endorsements to Consider

Home insurance in Red Hook, NY is designed to cover your home and belongings when you need it the most. While home insurance does create a great defense for your assets, all policies have limits and exclusions. You may want to add extra coverage to make sure you’ll always be protected. In the insurance industry, an “endorsement” is a change to the coverage outlined in your policy. It can remove or add coverage, and it overrules any wording the policy itself. A “rider” is an endorsement that adds coverage for something that is excluded from your coverage. Take a look at these common home insurance endorsements and why you should consider them.

Scheduled personal property endorsement

Most home insurance policies have a maximum limit of coverage for certain types of specialty belongings, such as jewelry, fine art, antiques, and more, which is outlined in your policy. When the value of your belongings in these specialty categories is higher than the limits in your policy,  you will need to add an endorsement that property protects your belongings.

Home-based business endorsement

If you operate a business from the comfort of your own home, it’s important to let your insurance agent know. Business activities, no matter how small, are not covered by standard home insurance policies. This means that you won’t be protected in a business-related emergency and your insurance company could even cancel your home insurance. The good news is that, depending on the kind of business you’re planning to launch, you may be able to add a home-based business endorsement.

Sewer back-up endorsement

A sewer back-up rider can be caused by anything from clogged drains to damaged sewer lines. Sewer back-up coverage isn’t always included in standard home insurance policies, which is why it’s important to consider adding on coverage. A sewer back-up endorsement typically covers you from loss or damage to your property caused by the rupture or escape of water from a sewer, drain, sump pump or septic system.

With the right home insurance agent, you can find quality home insurance endorsements for your needs. When you’re looking for homeowners insurance, contact your insurance professionals at Kneller Agency. Our dedicated experts are ready to assist you with all your home insurance needs.

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