Blanket Insurance


  • An insurance policy that provides coverage for different classes of property.
  • A policy that covers common areas of a co-op, condominium or a neighbourhood governed by a homeowners association. Such a policy doesn't cover dwellings or contents of dwellings, but areas owned in common. Also known as a "blanket policy," "umbrella policy," or "umbrella insurance."

wide coverage, full insurance, multiple items

Related Terms and Acronyms

  • Blanket Mortgage Definition,
    • A mortgage that covers more than one property owned by the same buyer.
  • Broad Form Insurance Definition,
    • Insurance that covers rare events not normally covered in an existing insurance policy.
  • Comprehensive Insurance Definition,
    • Auto insurance that covers damages not resulting from a collision, and for vehicle theft.
  • Floater Insurance Definition,
    • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
  • High Risk Auto Insurance Definition,
    • Auto insurance for drivers with an increased risk of collisions.
  • Multiline Insurance Policy Definition,
    • A combination of different insurance policies that are rolled into a single insurance policy.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Umbrella Insurance Definition,
    • Insurance used to cover different types of property in a single policy.
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