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.
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.