What does Blanket Limit mean? Read on to discover the definition & meaning of the term Blanket Limit - to help you better understand the language used in insurance policies.
A single limit of insurance that applies over more than one location or more than one category of property coverage, or both. This is in contrast to specific or scheduled limits of insurance, which are separate limits that apply to each type of property at each location.
We hope the you have a better understanding of the meaning of Blanket Limit.