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What is a rider?
A rider is a coverage and/or change added to a policy. The information about
the additional coverage(s) is usually typed up on a separate piece of paper,
which is attached to the copy of your basic policy. Some examples of riders
are: 1) Multiple Indemnity (which provides coverage for accidental death
or dismemberment), 2) Waiver of Premium (which allows the insured(s) to
skip premiums during extended hospitalization), 3) Additional Coverage (which
provides coverage in addition to the basic policy), and 4) Exclusion (which
is a pre-existing condition that is not covered by the basic policy).
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