Insurance term
Blanket Coverage
Blanket coverage is an insurance policy or endorsement that applies one combined limit to more than one item, location, or category of property instead of assigning a separate limit to each one. It is commonly used when a business wants flexible protection across multiple buildings, locations, or types of equipment.
Example
A manufacturer insures its inventory in three warehouses under one blanket coverage limit, so the limit can be used where a covered loss occurs.
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