What do riders generally provide in an insurance policy?

In an insurance policy, riders are provisions that allow policyholders to modify the terms of their existing insurance coverage. They serve as additional benefits or enhancements to the core policy, thus changing certain aspects of the coverage to meet the specific needs of the insured.

Riders can include options such as adding coverage for specific risks, increasing policy limits, or providing additional benefits that were not initially included. For instance, a policyholder might add a rider for accidental death benefits to a life insurance policy, which would provide an additional payout if the insured died in an accident.

The other options do not accurately describe the nature of riders. While standard coverage types and amounts are foundational to an insurance policy, they do not constitute riders, which are supplementary. Adjustments that increase risk exposure would not align with the purpose of a rider, as riders generally aim to protect against specific risks rather than increase them. Lastly, coverage limited to specific events can indeed exist within a standard policy, but this does not encapsulate the function of riders in a policy context, which are intended to enhance or modify existing terms rather than restrict them.