Unlock Comprehensive Protection with a Blanket Insurance Policy
A blanket insurance policy provides policyholders the advantage of broader coverage limits compared to single insurance policies. This type of insurance allows you to enjoy overall higher limits by including multiple properties or assets under one unified policy.
For example, imagine a property owner with two homes. Individually, each home might be insured for $1 million. With a blanket insurance policy, both properties could be collectively covered for $2 million. In this scenario, if the property owner faces damage to one home costing more than $1 million, they can still claim the excess amount, something that wouldn’t be possible under separate single-property insurance policies.
By opting for a blanket insurance policy, you significantly enhance your ability to handle larger claims on any property or asset within the scope of the coverage, ensuring more robust and flexible protection.
Related Terms: umbrella insurance, liability insurance, portfolio insurance.
