How can policyholders increase their coverage under standard policies?

Policyholders can increase their coverage under standard policies by adding endorsements. Endorsements are amendments or additions to an insurance policy that expand or restrict coverage. By incorporating an endorsement, policyholders can tailor their insurance to meet specific needs that may not be fully addressed by the standard terms of the underlying policy.

For example, a homeowner might add an endorsement for valuable items like jewelry or art that exceed the standard limits of coverage. Similarly, auto insurance policies can include endorsements that provide additional protection for rental cars or increased liability limits.

The other options do not typically result in increased coverage in the same way. Accepting a higher deductible may lower premium costs but does not enhance the overall coverage provided by the policy. Purchasing a secondary insurance policy usually serves to provide coverage for separate or additional risks rather than increasing coverage on an existing policy. Enrolling in risk management courses may lead to premium discounts or a better understanding of risk but does not directly increase the coverage limits of existing insurance policies.