What Is a Rider on an Insurance Policy?

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When it comes to an insurance policies, they're all contracts. Find out about a rider on an insurance policy with help from an expert at Combs & Company in this free video clip.

Part of the Video Series: Insurance Questions Answered
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Video Transcript

Hi, my name is Susan Combs and today, we're going to talk about, "What is a rider on an insurance policy?" When it comes to an insurance policies, they're all contracts. So, what these contracts are is they have like the list of the benefits, or a list of things that are covered. And these are typically on a standard form. But, when you add on extra things, it's typically called the rider. So, it's in a way it's amending the insurance policy to change the coverages that were initially given. So, for example, when it comes to health insurance, you have your health insurance that has copays for doctors and hospitalization and different things like that. But, say, you want to add on dental insurance, the insurance company can add on a rider that adds on the dental insurance that wasn't there before. And usually with all riders, there's going to be additional premium increase. So, if you're curious about what other options you can have onto your policies, talk to your broker and they can help you let you know what's going to be possible to add onto your policy and at the additional cost.

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