What does blanket insurance provide coverage for?

Blanket insurance provides coverage for multiple classes of property under one policy, making it a flexible and comprehensive option for policyholders. This type of insurance allows for a single limit to be applied across various types of property, rather than having separate limits for each category. This can be particularly beneficial for individuals or businesses that own different types of property, as it simplifies coverage while ensuring that all items are protected.

By using blanket insurance, the insured can avoid the hassle of managing multiple policies and limits, and in the case of a loss, the coverage can typically be applied to any of the insured properties or classes without the need to meet individual sub-limits. This approach not only offers convenience but also helps to provide a safety net for varying types of assets that may fluctuate in value or importance over time.