An insurance endorsement (also called a "rider") is a provision added to, excluding
or modifying coverage in an insurance policy. Common endorsements include:
Blanket Coverage: eliminates separate schedules for buildings and structures.
Contingent Liability: coverage for responsibility of others imposed by law or contract.
Demolition Endorsement: covers the cost of tearing down a structure and removing the debris after a major loss.
Employment Practices Liability (EPL): covers lawsuits filed against the association by employees for the association.
Landscape Coverage: includes theft, vehicle damage, and wind damage.
Replacement Cost: pays 100% of the cost of reconstruction, including code upgrades.
Waiver of Subrogation: waives right to pursue recovery of damages from a unit owner (see definition).
: Boards should ask the association's insurance broker for a list of all the endorsements on the association's policy and a recommendation for any that should be added.
: Associations needing legal assistance can contact us
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