Auto insurance endorsements (also known as policy riders) modify your standard auto insurance policy. They offer additional protection or exclusions, allowing you to tailor your coverage to suit your needs.
Common Endorsements Available in Alberta
- SEF 44 - Family Protection Endorsement - Protects you and your family if you're in an accident with an underinsured driver.
- SEF 13C - Limited Glass Endorsement - Lowers the premium by limiting coverage on glass damage (e.g., windshield).
- SEF 20 - Loss of Use Endorsement - Covers rental car costs if your vehicle is being repaired after an insured loss.
- SEF 27 - Liability for Non-Owned Automobile - Extends your liability coverage when driving vehicles you don't own, such as rental cars.
- SEF 43 - Limited Waiver of Depreciation - Ensures you receive the full purchase price of your new vehicle in case of a total loss, without depreciation.
- SEF 38 - Increased Accident Benefits - Increases the medical and income replacement benefits if you're injured in a car accident.
- SEF 19A - Valued Automobile Endorsement - Sets a fixed value for your vehicle, protecting against depreciation in case of a total loss.
How Endorsements Work
Endorsements modify your base auto insurance policy to either add extra protection or exclude certain coverages. They help ensure your insurance fits your unique situation.
Why Consider Endorsements?
By choosing the right endorsements, you can:
- Customize your policy for added security.
- Cover potential gaps in your standard coverage.
- Save on premiums with exclusions you’re comfortable with.