An endorsement is a written amendment to an insurance policy that changes specified terms. It may add a covered location, correct a name, adjust the sum insured, or introduce a special condition. It forms part of the contract and should be read alongside the original wording.
If a Nepalese business moves its insured stock to another warehouse, request an endorsement before assuming the new location is protected. The insurer may reassess the risk and premium. Keep the issued amendment because an informal conversation with an insurance agent may not establish the agreed change.