What are endorsements and other crime coverages?

Endorsements and other crime coverages refer to additional provisions and modifications that can be added to a standard crime insurance policy. These endorsements function to tailor the policy to meet the specific needs of the insured by adding extra coverage or clarifying the terms of coverage. This could include enhancements like coverage for forgery, employee dishonesty, or theft of money and securities that may not be fully addressed in the base policy.

This feature allows policyholders to ensure that they have comprehensive protection against various forms of crime-related losses, making the coverage more robust and suited to their unique risk profiles. In contrast, the other options do not accurately portray the nature and purpose of endorsements in relation to crime coverage.