insurance protection that is extended beyond the original term of the contract. For example, consumers can buy extended warranties when they purchase cars or appliances, which will cover repairs beyond the original warranty period.
endorsement added to an insurance policy or a clause found in an insurance policy that will provide additional coverage for rlsks to be insured other than those covered under the basic policy's provisions.
insurance that covers specific incidences normally excluded from standard insurance policies.
Example: A homeowner who lives adjacent to a golf course discovers that the standard homeowners' insurance policy does not cover damage due to errant golf balls. An extended coverage policy may be obtained, however, to cover such damage.
