Blanket Coverage

Published: | Updated: October 12, 2016

Definition - What does Blanket Coverage mean?

Blanket coverage is insurance coverage for multiple similar properties at different locations. As opposed to specific coverage, it is not limited to one location. Besides real estate, blanket coverage can also cover other assets, such as personal property and mortgage investments.

Insuranceopedia explains Blanket Coverage

For example, a fast food franchise owner might purchase blanket coverage to cover multiple businesses at different locations, and they would not need to adjust the policy to reflect certain changes, such as moving expensive equipment from one location to another. Generally, coverage includes various types of liability and losses involving the insured property, such as fire, flood, earthquake, theft, and personal injury liability.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this: