Blanket Policy

What Does Blanket Policy Mean?

A blanket policy is a type of property insurance that provides coverage for multiple types of property at a single location, the same type of property across multiple locations, or various types of property at multiple locations. This policy allows the policyholder to broaden the coverage provided by a standard homeowner’s policy.

Insuranceopedia Explains Blanket Policy

For example, blanket coverage may enable a homeowner to protect specific personal belongings or other items not covered by a standard homeowner’s policy. It may also extend coverage to particular types of property, such as furniture, located both within the home and in an off-site storage unit. Since a blanket policy provides supplementary coverage, it must be added to an existing homeowner’s policy.