Instead of buying insurance amounts reflecting values at the height of inventory, some enterprises are able to forecast times when values will be at their peak and use this endorsement to increase the amount of insurance during that specific interval.
An endorsement to a property insurance policy which provides additional limits of protection on a merchant's inventories during specific time intervals, usually when shopping is most intense.
A Rider added to a policy covering business inventory under which the amount of insurance increases automatically to protect the policyholder during specified high volume periods of the year.
A property endorsement that allows an insured to purchase additional property damage insurance for specified cyclical periods occurring on a regular basis. The insured purchases an underlying limit that remains constant throughout the entire year. Additional limits are purchased to increase the underlying limits for specified periods of time. Both the amounts and the dates of the increase are indicated in the endorsement. This type of endorsement provides protection for risks that are seasonal or have significantly higher inventories at set times each year, such as the holidays.
An endorsement which provides increased amounts of coverage on inventories during peak seasons, beginning and ending on dates specified in the endorsement.
A Commercial Property endorsement which provides for higher limits to apply during specific periods of the year when inventory is at a peak.