Which insurance document outlines specific changes to terms or coverage?

The document that outlines specific changes to terms or coverage is an endorsement. An endorsement is a written modification to the original insurance policy that alters the coverage, limits, or other terms. This can include adding coverage for particular risks, amending the definitions, or adjusting conditions of the policy. Endorsements are essential for clarifying any changes agreed upon by both the policyholder and the insurer, ensuring that the policy accurately reflects the desired protection.

The policy declaration functions as a summary of the insurance contract, listing important details such as policyholder information, coverage amounts, and premium costs, but does not indicate changes. A waiver is typically a relinquishment of a right or claim, rather than a modification to the policy terms. An addendum is generally used to provide additional information or terms but is not specifically associated with modifications to existing clauses or coverage in an insurance context.