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What is the purpose of an addendum to a contract?

A contract addendum is an additional document that is attached to the original contract. It is used to include supplementary information, such as additional terms, conditions or provisions. Unlike an amendment, a contract addendum does not modify the existing terms of the contract, but rather it expands upon them.

What is the addendum to the insurance contract?

An insurance addendum would add or remove what is included in the coverage of an insurance policy. An insurance addendum may result in the insurance premiums being altered. Insurance addendums are common because most insurance policies are standard but the standard policies may not work well for every individual.

Can a landlord force you to add them to your renters insurance?

Your landlord may require you to have renters insurance. They may also require you to include their name as an interested party on your policy before youre able to move in.

What is a renters insurance addendum?

By having your tenants sign a renters insurance lease addendum*, they will be contractually obligated to purchase and maintain a renters insurance policy throughout their lease.

What is an example of an addendum?

In most cases, both addendums and amendments are considered part of the original contract once theyre signed by all parties. That means theyre just as legally binding as the original agreement. However, there are some situations where an amendment might supersede an addendum.