What is the definition of Blanket Insurance?

A Blanket Insurance is a type of insurance that protects various types of property at one location or one type of property located in different locations.

For example, a chain store may have its different branches insured under one insurance policy. Even merchandise that is in transit from one store to the other can be covered. Another example would be homeowner's insurance, where not only the home (the structure) is insured, but all the property housed in that room (electronics, appliances, furniture, etc.).

Blanket insurance also refers to insurance where all the members of the association or group are not named but are covered nonetheless because of their membership to the group.

• Reinstatement
• Registered Principal
• Liquor Liability
• Businessowners Policy (BOP)
• Directors and Officers Liability Insurance