In non-life insurance, what is a "rider"?

A rider in non-life insurance is an additional provision attached to an insurance policy that modifies the original terms of the policy. This means it can either expand or limit coverage for specific situations or risks. Riders can provide flexibility for policyholders, allowing them to customize their insurance coverage based on their unique needs.

For instance, a rider might add coverage for specific items like jewelry or provide additional protection for certain events that would not be covered under the standard policy. This customization is essential for individuals and businesses because standard insurance policies may not fully align with their specific risks or coverage requirements. By including riders, policyholders can ensure they have the necessary protections in place, tailored to their situations.