What type of properties does blanket insurance cover?

Blanket insurance provides coverage for all items within a specific category or type of property, rather than just for individually named or specified properties. This means that if a business owns multiple items or properties of a similar nature, blanket insurance will cover them collectively, offering a flexible approach to risk management. This type of coverage is particularly beneficial for businesses that may have fluctuating inventories or a variety of similar assets that could be difficult to list and manage under a more traditional insurance policy.

In the context of this question, blanket insurance is designed to simplify the claims process and protect against loss across a wide array of items, rather than limiting coverage to specific named items or high-value items alone. Additionally, blanket insurance does not restrict coverage to only certain perils, unlike some policies which might specify the risks covered. This broad approach allows for comprehensive protection within the defined category of property.