Insurance

What is Blanket Coverage?

Blanket Coverage

[blang-kit / kuhv-er-ij]

noun

1.

Blanket Coverage insures multiple properties under the same Policy. Blanket Coverage can ensure more than one type of property at one location, several of the same types of property at more than one location, or multiple types of property at multiple locations. An example is a Homeowner’s Insurance Policy that covers a dwelling as well as the personal property inside the dwelling, “blanketing” all of the homeowner’s goods.

Have A Question About This Topic?

Thank you! Oops!

Related Content

How Compound Interest Works

How Compound Interest Works

Use this calculator to better see the potential impact of compound interest on an asset.

What Is My Current Cash Flow?

What Is My Current Cash Flow?

Assess whether you are running “in the black” or “in the red” each month.

The Basics of Medicare

The Basics of Medicare

Learn all about Medicare basics in this informative and insightful article.