What Is A Rider On Homeowners Insurance?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Any time that you see the word 'rider' in insurance speak, it will mean 'something added to , or riding on', the policy. So you will have the original body of the policy, and then a clause, provision, or additional coverage that is added to it called a rider. You may have a rider added to your policy that adds some extra coverage not offered in your homeowners policy. Some riders are free, most are not. Thanks for asking!Answered on May 21, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482A rider, in this case attached to a Homeowners' policy, will somehow alter the standard terms and conditions of that policy. One example is a jewelry rider which is used to specifically insure a piece of jewelry to it's appraised value. Ordinarily unscheduled jewelry can be covered in a standard contract, but the loss causes that are covered can be more limited than those provided in the rider. Another example is a rider to include Earth Movement as a covered peril. This is typically excluded from a Homeowners' policy but the coverage can be included by use of this rider.Answered on May 21, 2014flag this answer
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