Which part of a policy contains addendums and amendments that change the policy?

The part of a policy that contains addendums and amendments that change the policy is the endorsements section. Endorsements are used to modify, add, or remove coverage within the policy. They play a crucial role in ensuring that a policy can be tailored to meet the specific needs of the insured, allowing for adjustments due to changes in circumstances or coverage requirements.

For example, if a policyholder needs additional coverage for a new asset or wishes to exclude certain risks that were previously covered, endorsements facilitate these changes officially within the policy framework. This allows policies to remain relevant and personalized over time, accommodating various situations without necessitating the issuance of an entirely new policy.

The other parts of the policy play different roles; for instance, declarations provide key details about the insured, the coverage amounts, and the effective dates, while exclusions outline what is not covered by the policy. Conditions describe the rules and obligations of both the insurer and the insured. However, none of these sections specifically serve the purpose of modifying the agreement as endorsements do.