What are premium-bearing endorsements?

Edited

A premium-bearing endorsement refers to any modification or addition made by the insured that increases or extends the coverage of the original insurance policy. As the carrier assumes additional risk, an increased premium is charged.

Typical premium-bearing endorsements involve adding new coverages, enhancing coverage limits, including new risks, or expanding terms such as geographic scope.

Carriers will reassess and adjust the risk's pricing according to the specifics of the endorsement request.

To learn more about requesting endorsements, click here.


Related Articles

How does Pathpoint handle endorsement and other service requests post-bind?

Who do I contact for policy or service questions?

Which endorsements are available with Pathpoint?

What's the endorsement for Additional Insureds–Owners, Lessees or Contractors–Completed Operations ?

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