What does Blanket Insurance mean? Read on to discover the definition & meaning of the term Blanket Insurance - to help you better understand the language used in insurance policies.
Blanket insurance is one insurance policy that covers multiple items up to a certain limit. Blanket insurance is an alternative to buying multiple policies for the individual items. Blanket insurance is typically used for property insurance. It is used in situations where the owner of multiple properties wants to get coverage for multiple properties under one policy.
We hope the you have a better understanding of the meaning of Blanket Insurance.