Ask Annissa: What is a “Rider” on an Insurance Policy and What Impact does it have?
A rider is a provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits
At the beginning of any job, I always ask the homeowner if they have any riders on their homeowner’s policy. You need to know if they do, as it will affect how you handle those items. It also raises your liability while handling those items that are covered by the rider, so you should charge more for storing, moving, packing and cleaning them than you would for other items on the policy.
A rider is a provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional cost. This means that such items have different coverage from the items that are covered under just the basic homeowner’s policy.