What is a primary function of a "rider" in an insurance policy?

A rider in an insurance policy is essentially an endorsement or amendment that modifies the terms or coverage of the existing policy. Its primary function is to add specific coverages or adjust existing ones to better suit the policyholder's individual needs. For instance, if a homeowner wants additional protection for valuable items like jewelry or art pieces that exceed the standard limits of their homeowner’s policy, a rider can be added to provide that enhanced coverage. This customization allows policyholders to tailor their insurance to fit their specific circumstances.

Moreover, riders can also offer additional benefits such as coverage for specific risks not included in the standard policy. For example, a rider could be added to cover natural disasters that aren't typically included, like flood or earthquake coverage in certain areas. Therefore, an understanding of how riders function is vital for policyholders looking to adequately protect their interests. The answer reflects the essential role riders play in expanding or refining an insurance policy's coverage.