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.
Related terms
Comparisons to help you decide
Ready to protect what matters?
Get a free, no-obligation quote. Our bilingual agents compare 30+ carriers to find you the best coverage at the best price.