What type of insurance policy covers multiple classes under a single property insurance?

Blanket Insurance is designed to cover multiple classes of property under a single policy. This means that rather than having separate insurance policies for different types of property or varying locations, the insured can consolidate coverage into one comprehensive policy. This approach provides flexibility and can simplify the management of insurance, as it allows for a single limit of coverage that applies to various types of property, rather than needing to manage multiple separate policies.

In contrast, an Umbrella Policy typically provides additional liability coverage above the limits of other underlying liability policies; it does not specifically cover multiple classes of property. Combined Single Limit and Split Limit relate to liability coverage, where Combined Single Limit provides a single amount of coverage for both bodily injury and property damage, while Split Limit specifies a maximum for bodily injury and property damage separately. These options do not encompass coverage for multiple classes of property.