Definitions for "Peak season endorsement"
Instead of buying insurance amounts reflecting values at the height of inventory, some enterprises are able to forecast times when values will be at their peak and use this endorsement to increase the amount of insurance during that specific interval.
An endorsement to a property insurance policy which provides additional limits of protection on a merchant's inventories during specific time intervals, usually when shopping is most intense.
A Rider added to a policy covering business inventory under which the amount of insurance increases automatically to protect the policyholder during specified high volume periods of the year.