What are some typical riders available for homeowners insurance?

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Asked April 8, 2013

1 Answer


A rider, also called an option or an endorsement, is an additional policy written on top of your home insurance policy. Riders are added to the homeowner's coverage, to provide insurance for some aspect of the coverage that was limited or missing. It is a good idea to consider some of these riders when you buy home insurance.

  • Personal Property Floater - This rider increases the personal property limits of the standard HO policy. Since most families own more personal property than the default policy covers, this rider is a common choice.
  • Income Property - This rider is used to extend home insurance coverage to residential properties that you use for income. It provides coverage similar to what you'd get from a landlord's policy, only attached to your home insurance.ÃÆ'ƒÆ’ÃÆ'‚¢ÃÆ'ƒÂ¢ÃÆ'¢â‚¬Å¡ÃÆ'‚¬ÃÆ'ƒâ€šÃÆ'‚¨
  • Secondary Residence - If you own a secondary residence, this rider will insure it as part of your homeowner's insurance policy.
  • Theft Coverage Protection - This rider is meant to overcome the per-item limitations of the standard home insurance policy. Not only does this rider increase the per-item claim limit, it also increase the personal property in general, something all homeowners should consider to get the best protection.ÃÆ'ƒÆ’ÃÆ'‚¢ÃÆ'ƒÂ¢ÃÆ'¢â‚¬Å¡ÃÆ'‚¬ÃÆ'ƒâ€šÃÆ'‚¨
  • Sewer and Drain - This rider is specifically meant to pay for repairs or pump outs of a sewer system. If your home is attached to a city sewage system, this rider is not much use.ÃÆ'ƒÆ’ÃÆ'‚¢ÃÆ'ƒÂ¢ÃÆ'¢â‚¬Å¡ÃÆ'‚¬ÃÆ'ƒâ€šÃÆ'‚¨
  • Inflation Guard - This rider gradually increases the value of your homeowner's policy to keep it current with the inflation rate. Without this rider, the value of your home would escalate beyond the value of the policy in a few years.ÃÆ'ƒÆ’ÃÆ'‚¢ÃÆ'ƒÂ¢ÃÆ'¢â‚¬Å¡ÃÆ'‚¬ÃÆ'ƒâ€šÃÆ'‚¨
  • Movement of the Earth - Most standard policies exclude coverage for sinkholes and other natural movements of the earth. This rider is specifically to cover the possibility of sinkholes and the losses associated with them.ÃÆ'ƒÆ’ÃÆ'‚¢ÃÆ'ƒÂ¢ÃÆ'¢â‚¬Å¡ÃÆ'‚¬ÃÆ'ƒâ€šÃÆ'‚¨
  • Flood - Provides your home with flood insurance. Flood insurance is not included in any standard policy, and may not be available as a rider in all areas.

Answered April 8, 2013 by Anonymous

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