A policy designed to provide coverage under a single limit for two or more items (e.g., building and/or contents), two or more locations, or a combination of items and/or locations
a single policy written on an insured’s interest for the following situations: two or more different types of properties at one location, two or more pieces of the same type of property at one location, two or more different types of property at two or more locations.
A type of property insurance that covers, through a single contract, more than one type of property in one location or one or more types of property at more than one location.
A single amount of insurance applying to more than one building and/or contents.
1) A single amount of insurance covering several items, e.g., one amount of insurance to cover two buildings, or one building and its contents. Such policies usually require the fulfillment of certain restrictions which may not be required in "specific" or "itemized" policies, such as the use of a 90% coinsurance clause. 2) In the case of health insurance, a policy or contract covering an entire specified group of people (such as employees) against a listed set of hazards or perils (for example, for medical or dental protection).
A policy which covers several different properties or several different types of hazards under one form, instead of under separate policies such as: 1. One kind of property insured in more than one location; 2. Two or more kinds of property in one location; or 3. Two or more kinds of property in one or more locations.
A group health insurance policy covering a number of individuals who are not individually named but are exposed to the same hazards, such as members of an athletic team, company officials who are passengers in the same company plane, etc.
Type of insurance policy that covers more than one item of property at a single location or one or more items of property at multiple locations.
Covers more than one type of property at one location, or one type of property at several locations. Blanket insurance is usually recommended for owners of several businesses.
Property liability insurance that covers more than one type of property in one location in one policy or form instead of under separate items, or one or more types of property at more than one location.
An insurance policy that covers common areas of a co-op, condominium, or neighborhood governed by a homeowner's association. This type of policy does not cover the actual structures or their contents. The policy only covers areas that are owned in common by the individual owners.
Insurance where a single amount of insurance applies to two or more coverage items. Contrast Specific insurance. Also a type of Employee Dishonesty coverage that covers loss caused by any employee. Contrast Name Schedule coverage and Position Schedule coverage.
Refers to an insurance coverage for one or more properties in one location, or one type of property in one or more locations.
Insurance which covers more than one type of property in one location or one or more types of property at several locations. For example, a blanket policy may insure a building and its contents at one location, or insure furniture, fixtures and stock in two or more locations.
Insurance covering multiple items of property as a group. Covered property may be at one location or several.
One amount of insurance covers all property located at multiple locations.
A form of Property Insurance that covers, in a single contract, either multiple types of property at a single location or one or more types of property at multiple locations.
Refers to a single property policy covering different types of property in more than one location with no specified limit on each property.
A contract of Health Insurance that covers all of a class of persons not individually identified in the contract.
Blanket health insurance is different from normal group insurance, which is generally more comprehensive. Blanket health insurance often establishes caps on coverage to reduce certain kinds of medical costs. Blanket health insurance typically provides more coverage for catastrophic or urgent conditions, and does not generally cover routine care or the treatment of elective conditions. These restrictions reduce the cost of the plan. Blanket insurance is geared toward a specific market in order to provide maximum benefit at the best overall price. Laws pertaining to group health insurance may, or may not, apply to blanket insurance, although generally they do.
Coverage for more than one type of property at one location or one type of property at more than one location. Example: chain stores.
A single insurance amount to cover multiple units of property. It differs from specific coverage, where a stated policy limit applies to an individual property. It is also a situation where an umbrella policy is written to cover all contractual liability.
A policy that covers common areas of a co-op, condominium or a neighborhood governed by a homeowners association. Such a policy doesn't cover dwellings or contents of dwellings, but areas owned in common.