A policyholder wishes to broaden the coverage of her homeowners policy to cover liability related to the use of a sailboat. What would allow this expansion of coverage?

A homeowners policy typically has specific coverage limits and exclusions, particularly regarding liability associated with certain activities, such as using a sailboat. To broaden this coverage, the policyholder would need an endorsement.

An endorsement is a written provision that modifies the original terms of the insurance policy to add, change, or restrict coverage. In this scenario, an endorsement would specifically address the liability coverage related to the use of a sailboat, allowing the policyholder to ensure that incidents arising from this activity are covered under the homeowners policy.

While a rider is another type of document that can alter a policy, it is generally more associated with life insurance products. A policy renewal pertains to the continuation of coverage and does not inherently modify its terms. A waiver involves relinquishing a right or claim, which is not relevant in this case where the goal is to expand the coverage. Thus, an endorsement is the appropriate choice for adding liability coverage for the use of a sailboat to a homeowners policy.