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Refinance and Mortgage Encyclopedia - rider

Rider

A documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. or formThis is an insurance policy, or the riders and endorsements attached to it. containing special provisions that are not contained in the policyThe written contract of insurance. contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder. Such forms are to be added or attached to the policy.

Rider

A documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. that modifies an insurance policyThis is the entire written insurance contract.. It may increase or decrease benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage, waiveTo relinquish, or abandon; to forego a right to enforce or require anything. a conditionIn contracts, a future and uncertain event which must happen to create an obligation or which extinguishes or coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy., or in any other way amend the original contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder. (See EndorsementWritten agreement attached to a policy to add or subtract insurance coverages.)

Rider

A legal documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. that modifies an insurance policyThis is the entire written insurance contract.. Riders may either extend or decrease benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage, or add or exclude specific conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company..

Rider

A written agreementAn exchange of promises, a mutual understanding or arrangement; a contract. attached to the policyThe written contract of insurance. expanding or limiting the benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage otherwise payable under the policy.

Rider

An amendmentA formal document changing the provisions of an insurance policy signed jointly by the insurance company to an insurance policyThis is the entire written insurance contract. that modifies the policyThe written contract of insurance. by expanding or restricting its benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage or excluding certain conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company. from coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy..

Rider

An amendmentA formal document changing the provisions of an insurance policy signed jointly by the insurance company to insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." contracts limiting, or excluding an existing coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. for certain conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company.. For example, a rider to a policyThe written contract of insurance. may exclude coverage for treatment to an applicant's knee.

Rider

An attachmentThe process by which real or personal property of a party to a lawsuit is seized and retained in the to a policyThe written contract of insurance. that modifies the conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company. of the policy by expanding or decreasing its benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage, or excluding certain conditions from coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy..

Rider

See EndorsementWritten agreement attached to a policy to add or subtract insurance coverages.t

Rider

Usually known as an endorsementWritten agreement attached to a policy to add or subtract insurance coverages., a rider is an amendmentA formal document changing the provisions of an insurance policy signed jointly by the insurance company to the policyThe written contract of insurance. used to add or delete coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy..
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