What is the purpose of endorsements in a property policy?

• A. To add or modify coverage
• B. To increase premiums
• C. To cancel coverage
• D. To list the insured's debts

Answer: (A)

Endorsements are used to tailor a property policy by adding or changing coverage terms. They act as riders attached to the base policy to expand protections beyond what the standard form provides, limit coverage in areas where the insured wants restrictions, or adjust limits and conditions to fit a specific risk. By modifying the policy in this way, endorsements help ensure the insured has the coverage they actually need for unique or evolving circumstances, without rewriting the entire policy. While endorsements can influence the premium because they change coverage, their primary purpose is to add or modify what is insured and how it applies, not to cancel or list debts.