A home insurance rider, also called an endorsement, is an optional add-on to your standard homeowners policy. It allows you to expand or customize your coverage to better protect specific items or risks that may not be fully addressed by your base policy. Riders can be especially useful for homeowners with unique belongings or special circumstances.

What Are Some Common Riders?

Depending on your needs, you may consider one or more of the following riders:

• A valuable items rider may offer additional protection for high-value possessions like jewelry, antiques, or collectibles that may exceed standard policy limits.

• A water backup endorsement can help cover damage from water backing up through drains or sump pumps, coverage that’s often excluded from basic policies.

• A home-based business rider may provide limited coverage for business equipment and liability if you operate a small business from your home.

Why Add a Rider?

Standard homeowners insurance is designed to cover a wide range of risks, but it may not fully protect everything you value. A rider can help close those gaps. For instance, if you’ve recently renovated your home or acquired a valuable item, a rider may help ensure those investments are adequately insured.

What Affects the Cost?

The cost of a rider can vary based on several factors:

• The type and value of the item or risk—Higher-value items or broader coverage typically come with higher premiums.

• Location and risk exposure—Where you live and the likelihood of certain risks (like flooding or theft) can influence pricing.

• Deductibles and coverage limits—Choosing lower deductibles or higher limits may increase the cost of your rider.

Speak with BIA & Company to explore which riders may suit your home and lifestyle. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.