Insurance that covers more than one property item at a single location, or one or more property items at multiple locations.
1) In property insurance, a single limit of insurance that covers a number of items, such as one amount of insurance to cover two buildings or a single building and its contents. A blanket policy usually contains certain restrictions, which may be absent in "specific" or "itemized" policies, such as the use of a 90% coinsurance clause. 2) In the case of health insurance, a policy or contract covering an entire specified group of people (such as employees) against a listed set of hazards or perils (for example, for medical or dental protection).
A form of insurance that covers multiple items of property.
Coverage under a single amount of insurance for two or more properties or exposures.
Blanket coverage is insurance that covers more than one piece of property in one location or multiple pieces of property in multiple locations.
Insurance coverage for more than one item of property at a single location, or two or more items of property in different locations.
A means of insuring various items of property under one limit of liability.
Property at several locations or all property at a given location is insured under a single item.
An insured can select a total or "blanket" amount of coverage for certain categories of items, such as jewelry, silver or fine arts, rather than having to list each item separately. There is generally a per-item limit of coverage within the blanket amount. For example, if an insured has $150,000 in blanket coverage for jewelry with a $10,000 per-item limit, the most she would receive for the total loss of one item of jewelry is $10,000.
A Blanket form is one under which property is insured under a single amount applying to several different pieces of property rather than a specific amount of insurance on each property.
a policy that covers an entire group of people and issues specific medical insurance to all of them.