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Insurance Riders

A Comprehensive Guide on Insurance Riders and their Types

by Skills.Money
in Blog, Insurance
Reading Time: 4 mins read
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A rider or endorsement of your policy will usually result in a premium change. Riders allow you to modify the insurance policy to fit your coverage needs better.

Riders are essentially additional benefits added to an insurance policy that often require an additional premium payment. In this way, riders can customize an insurance policy to address specific needs or concerns.

Types of Insurance Riders

Riders can be classified into two categories

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