What’s An Insurance Endorsement?
An endorsement is something that changes your base insurance policy. For instance, if you choose to purchase an optional coverage to broaden your insurance protection, it may be called an endorsement.
A common endorsement is scheduled personal property coverage, which you can buy to increase protection for specific types of belongings. This might be a valuable piece of jewelry, like an engagement ring, or expensive artwork
A standard Chula Vista homeowners insurance policy, Chula Vista condo insurance policy or Chula Vista renters insurance policy usually offers restricted coverage for certain types of belongings. A scheduled personal property endorsement may provide higher coverage limits for a specific item (usually up to the item's appraised value) and protect it against additional risks. For instance, if you drop your diamond ring down the drain and are unable to retrieve it, a standard property insurance policy probably won't provide coverage. But an endorsement may offer protection against an accidental loss like that.
Other types of endorsements may include water backup coverage and home day care coverage, which you may be able to purchase to supplement a homeowners insurance policy. On an auto insurance policy, you may be able to purchase an endorsement to provide expanded protection for a new car.
Watch our video for a quick and simplified look at an endorsement.
YOU CAN COUNT on Chula Vista Agency Owner
Call your Local Allstate Agent in Chula Vista, Jason Raya, he can answer coverage questions and help you find ways to protect what matters most.
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