What does Specific Insurance mean? Read on to discover the definition & meaning of the term Specific Insurance - to help you better understand the language used in insurance policies.
Specific insurance is a type of property insurance in which only one individual property is covered by the policy. Specific insurance is an alternative to blanket coverage, in which a policy can cover many different properties or locations. It is possible for one property to have coverage from a specific insurance policy and also a blanket policy.
We hope the you have a better understanding of the meaning of Specific Insurance.