Specific Insurance

Definition - What does Specific Insurance mean?

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.

Insuranceopedia explains Specific Insurance

Specific insurance is highly relevant to people who own multiple properties. If they buy specific insurance, only one of their properties will be covered. With a blanket policy, however, they have the potential to cover all of their properties with a single policy. People who own chain restaurants or other business owners with multiple locations often have to decide between specific or blanket insurance for their properties.

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