Adams Stirling PLC


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).

Recommendation: 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.

ASSISTANCE: Associations needing legal assistance can contact us. To stay current with issues affecting community associations, subscribe to the Davis-Stirling Newsletter.

Adams Stirling PLC