What is an endorsement in Car Insurance Policy?

When you drive your car, it's not only important to carry a driver’s license but it is very essential to carry a valid car insurance policy paper consisting of all correct details of the car. However, at times there could be certain changes that need to be made in the policy documents. Such changes are viewed as endorsements in the policy documents.

Typically, an endorsement is a document that consists of amendments and additions in the existing terms of the policy. An endorsement is a written evidence of an agreed change in the policy by the policyholder. If he/she needs to purchase more coverage, change the scope of the existing policy, or add riders, they can approach the lenders to make the required changes by way of an endorsement.

An endorsement can be issued any time like during the time of purchase, mid-tenure or during renewal period. This can be used to avail additional benefits and cover such as legal liability to drivers or to impose restrictions like accidental damage deductible.

Here are some important changes that can be endorsed in the policy document:

• A change/correction in the engine number
• A change/correction in the chassis number
• A change/correction in the Registration Number
• A change/correction in your name
• A change/correction in your address
• A change/correction in your mobile number and/or your email id
• An inclusion of a CNG/LPG Kit 
• Including or increasing the voluntary deductible
• A change/correction in passengers covered or the seating capacity of your vehicle
• A change/correction in your car's variant
• A change/correction in your car's cubic capacity
• A change/correction in the make and model of the car
• Any correction in the No Claim Bonus
• Any premium mismatch
• Change in the details of the nominee
• A change/correction in your vehicle's fuel type
• A change/correction in the vehicle's year of manufacturing
• A change/correction in the Insured Declared Value (IDV) of your vehicle
• A transfer of ownership
• Any addition or deletion of electrical accessories