Blanket Insurance

Blanket Insurance

1. An insurance policy that covers two or more properties or the same property at two or more locations. For example, a blanket insurance policy may provide coverage for both a house and the furniture inside it. Alternatively, a policy may cover a person's furniture both at his/her house and in his/her storage unit in another town.

2. See: Blanket bond.
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This model uses front-end credit data to qualify a small business's B2B customers, eliminating the need to purchase blanket insurance on all of a business's trade credit.
Plante researched a few uncertainties, the primary concern being insurance, and discovered that volunteers are covered under the town's blanket insurance policy.
in Dallas, said his company has a blanket insurance policy through an insurance wholesaler.
The group's chairman Dave Gaskill said: "With members jumping on and off the float as we collect money and lots of children around we need to have blanket insurance in case anything untoward happens"Otherwise it would leave me responsible to meet any claim.
They do it with blanket insurance, not smoke and mirrors.
Employees of seven HOVENSA maintenance contractors were furloughed when a blanket insurance policy covering the contractors expired and HOVENSA had trouble finding coverage elsewhere.
For example, blanket insurance (a policy that covers all of the landlord's properties as a whole) is no longer encouraged and insurance costs per square foot are going up.
An extremely effective risk management tool, when used carefully, is a blanket insurance policy that covers a portfolio of properties at a lower rate per building than individual policies would offer.
To fulfill its mission, it selected IL Group to provide appropriate insurance products and extend coverage to clients' homebuyers, including Lender Placed, Flood, REO and Blanket insurance.
MPG insures Robert Maguire-owned Option and Excluded Properties along with its own portfolio under a blanket insurance policy, in return for premiums paid by Robert Maguire, which raises questions about the effect of the dual coverage on MPG's insurance rates.
One of the more creative efforts risk managers are reporting during the shift to a seller's market is an effort to use a signed statement of values to impose location limits on a blanket insurance program.
They also offer buildings a lot of savings with their bulk purchasing power for products and services such as: oil, certiorari fees, and insurance premiums through "the Mark Greenberg Real Estate Blanket Insurance Policy.