Rider
Term · Insurance and risk management · MLC-T-INS-002954
An endorsement or attachment to an insurance policy that modifies the terms and conditions of the original contract. A rider can add coverage for specific perils, exclude certain risks, or alter the policy's benefits. It becomes an integral part of the policy once it is formally attached and accepted by both parties.
| Identifier | MLC-T-INS-002954 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002954",
"term": "Rider",
"field": "Insurance and risk management",
"definition": "An endorsement or attachment to an insurance policy that modifies the terms and conditions of the original contract. A rider can add coverage for specific perils, exclude certain risks, or alter the policy's benefits. It becomes an integral part of the policy once it is formally attached and accepted by both parties.",
"url": "https://mlchart.com/terminology/insurance/rider/"
}
Record 2,975 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.