What Does Blanket Rate Mean?

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What does Blanket Rate mean? Read on to discover the definition & meaning of the term Blanket Rate - to help you better understand the language used in insurance policies.

Blanket Rate

Blanket Rate

A blanket rate is a single rate that is applied to a number of different insurance products or offerings. For example, a property insurance company may offer a blanket rate to a chain restaurant for coverage of all of its properties in a certain area.

We hope the you have a better understanding of the meaning of Blanket Rate.

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