What is the term for modifications made to an insurance policy, such as additions or deletions?

The correct term for modifications made to an insurance policy, including additions or deletions, is endorsements. Endorsements are used to alter the original terms of a policy; they can add coverage, modify existing coverage, or remove coverage, thus allowing the policy to be customized to better fit the policyholder’s needs. This flexibility is crucial because it enables insurers and insureds to adjust the terms as circumstances change, whether due to changes in the law, the insured's circumstances, or new insights about potential risks.

Exclusions refer to specific situations, events, or types of damage that are not covered by the policy, rather than modifications. Conditions are the specific responsibilities and obligations of both the insurer and the insured under the policy. Declarations include details like the insured parties, property, and coverage limits, serving more as introductory information to the policy rather than modifications. Thus, endorsements are the right choice for the adjustments made to an insurance policy.