What are some examples of insurance policy endorsements?
There are many examples of insurance policy endorsements. One would be if you had a mink fur coat coat for instance. If your house were to burn down and you were to lose your personal property, the insurer would assume you may need a winter coat or perhaps a summer jacket. They’re not going to assume you need a mink fur coat, so you need to be very upfront with your insurance company about that kind of item and any kind of specialized article of clothing, a piece of jewelry that is out of the ordinary, some collectibles, such as stamps, baseball cards, or a piece of fine art, you want to identify those, you want to have them independently appraised and you want to have them included as endorsements in your homeowner’s policy so if the worst happens or if any of those items are damaged or lost, at least there won’t be any dispute that they were covered, what their value is, and at least you’ll get some monetary compensation for them, although some of these items might not ever be able t
