blanket insurance

Definition

A form of liability insurance that provides coverage for more than one piece of property at a specific location or multiple items at multiple locations. A homeowner may take out a blanket insurance policy to cover any items that his/her basic homeowner's policy does not cover. Blanket insurance serves as an addition to basic policy, thus a person cannot acquire the coverage without having a homeowner's policy in place.

Use blanket insurance in a sentence

They had some blanket insurance and I thought it was a really cool thing to have and I had a lot of trust in them.

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The blanket insurance was the best option for the assets and inventory at our warehouse located in San Diego, California.

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A liability insurance which covers a range of property in a certain location or many locations and has multiple items is known as blanket insurance

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