Riders pertain to which policy type?

• A. Life and health policies
• B. Property and casualty policies
• C. All policies
• D. Reinsurance agreements

Answer: (A)

Riders are add-ons that modify or expand a base policy to customize coverage. They’re most commonly attached to life and health insurance policies, such as a disability income rider, an accelerated death benefit rider, a waiver of premium rider, or a long-term care rider. These riders change the benefits or add new features without altering the main policy itself. In property and casualty insurance, the term used is usually endorsement rather than rider, and reinsurance agreements are separate contracts between insurers. So, riders pertain to life and health policies.