What is the primary function of an endorsement in an insurance policy?

The primary function of an endorsement in an insurance policy is to make a change or addition that alters the coverage of the policy. Endorsements are used to modify the terms of an existing insurance contract. They can expand coverage, restrict coverage, or clarify certain provisions within the policy. For instance, an endorsement might be added to include additional insured parties, change the covered locations, or specify exclusions. This flexibility allows policyholders to tailor their insurance coverage to match their specific needs or changing circumstances.

In contrast, limitations on coverage would not accurately represent the role of an endorsement, as its purpose is not just to restrict coverage but to provide more comprehensive or adjusted terms. Health history statements and summaries of previous claims are also unrelated to the function of an endorsement. These documents serve different roles, such as underwriting considerations or assessing risk, rather than amending the contract itself.