Understanding Insurance Endorsements for Cars

An auto insurance endorsement, or rider, is simply an addition or modification to your current insurance policy. As a driver, situations come up where the most basic auto insurance policy may not cover all of your needs. While everyone should have comprehensive and liability auto insurance, it might also be necessary to choose coverage endorsements that allow for greater customization that protects you in several situations. When your preference is to go beyond the standard legal requirements for insurance, it’s important to look at the possible endorsements you can add to your policy.

Know the Common Types of Endorsements

Car enthusiasts often make changes to their vehicles that could impact their insurance coverage. For instance, you might add a stereo system that increases the value of your vehicle. In some cases, endorsements may cover practical modifications such as adding mobility devices to your car. Adding endorsements to cover these changes can help you recover the cost of replacing special features if you experience an accident.

Classic car insurance is another type of endorsement that allows you to get insurance coverage for your vehicle’s stated value that might not be reflected in the current market price for your vehicle’s age. For this type of endorsement, you’ll need to work with your insurance company to document the modifications you’ve made to the vehicle that helped it appreciate in value.

Roadside assistance is also an endorsement you might prefer to add to your existing policy. Drivers may decide this extra coverage is worth it once their vehicles age and begin to be less reliable. You might also prefer this endorsement if you have senior or teen drivers in your family who may not be able to do things such as change a tire on their own.

Explore Special Endorsements for New & Financed Cars

Buying a new car often requires updating your auto insurance Chula Vista policy. Gap insurance is a special type of coverage that can help you pay off the difference between your car’s value and what you may still owe if a serious accident occurs. In case your car is considered a total loss, you may also choose to buy new car replacement coverage. These types of endorsements provide additional financial protection at a time when you’re at your most vulnerable as a driver.

Discuss Changing Circumstances with Your Insurance Company

The best way to ensure you always have the insurance coverage you need is to work closely with your agent. If you make modifications to your vehicle that add value, it’s likely you may need a rider to reflect the need for additional coverage levels. You’ll also want to let your auto insurance company know if you get a new car or are concerned about paying it off if a major loss occurs. Staying current on your insurance helps you know what to expect if the worst should happen to your vehicle. 

Drivers who are searching for reliable, affordable auto insurance should reach out to the experienced professionals at Altra Insurance Services. In addition to auto coverage, we offer a variety of insurance products, including homeowners, business, and motorcycle insurance. San Diego residents should call one of our friendly agents today for a free quote.