rider (redirected from Riders)

Rider

A form accompanying an insurance policy that alters the policy's terms or coverage.

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Rider

An amendment to a document, especially an insurance policy. More formally, it is called an endorsement. The insurance company may issue the rider to change the terms of coverage, or the policyholder may do so, especially to add a family member to the policy. Generally, riders increase coverage in exchange for higher premiums.

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Rider. A rider is a modification to an insurance policy that typically adds a new coverage or higher coverage in return for higher premiums.

For example, you might add a rider to your life insurance policy to provide coverage for your spouse, or a rider to your homeowners policy to provide additional liability insurance for a specific event. Dental care and prescription insurance are typical riders on health insurance policies.

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rider

(1) An amendment or attachment to a contract. (2) Commonly used to indicate additional terms or coverages for standard insurance contracts.