Which term is NOT interchangeable with "endorsements"?

The correct answer is based on the unique role that binders play in insurance contexts compared to endorsements. Endorsements are modifications or additions to an insurance policy, which change the terms or coverage of the original contract. They are often used to provide additional coverage or to amend existing coverage.

Riders, attachments, and addendums are all terms that describe modifications or additions made to an original policy, functioning similarly to endorsements in that they represent changes or enhancements to the underlying agreement. These terms suggest adjustments to the policy's coverage or terms that are necessary for particular circumstances.

On the other hand, a binder serves a distinctly different function. A binder is a temporary insurance contract that provides immediate coverage until a formal policy is issued. It does not modify an existing policy or attach additional coverage; rather, it confirms that coverage is in place on a temporary basis. Therefore, "binders" does not align with the interchangeable nature of the other terms with "endorsements," making it the correct choice.