A document used to alter the information contained in the schedule of a policy is?
Answer Details
The document used to alter the information contained in the schedule of an insurance policy is called an "endorsement." An endorsement is a written amendment to the original policy that changes or adds information to the policy. Endorsements can be used to modify coverage amounts, add or remove insured parties, change policy terms, or make other adjustments to the policy.
For example, if a policyholder wants to increase the coverage amount of their insurance policy, they can request an endorsement to add the additional coverage. The insurance company will provide a written endorsement, which becomes a part of the original policy and reflects the updated coverage amount.
Overall, an endorsement is a useful tool that allows policyholders to make changes to their insurance policy and ensure that it reflects their current needs and circumstances.