What is a written modification of an insurance policy called?

The correct term for a written modification of an insurance policy is known as an endorsement. An endorsement acts as an addition or alteration to the original insurance contract, allowing the parties to amend the coverage, terms, or conditions specified in the policy. For instance, if a policyholder wants to include specific coverage for valuable items not originally covered, an endorsement can be issued to reflect this change.

Endorsements can serve various purposes, from expanding coverage to adding exclusions or specific conditions. Their flexibility is crucial in tailoring insurance policies to meet the unique needs of policyholders as situations and requirements evolve.

In contrast, clauses refer to specific provisions within the policy, exclusions specify situations or conditions that are not covered, and supplements are typically considered additional documents providing extra information rather than formal modifications to the insurance policy itself. Understanding these terms helps clarify the role of endorsements in the context of insurance coverage modifications.