Blanket Insurance
Definition. Blanket Insurance is a policy structure that applies a single limit across multiple properties, locations, or coverage categories — rather than scheduling each separately.
Also known as: Blanket Coverage, Blanket Limit
Two common uses:
- Blanket Building/Personal Property — one combined limit covering buildings AND business personal property at one or more locations. More flexible than separate limits because a loss at any location can draw the full blanket limit (subject to a 90% coinsurance clause).
- Blanket Additional Insured — automatically extends additional-insured status to anyone the named insured has agreed in writing to add, rather than naming each party on a schedule.
Blanket forms simplify policy administration for businesses with multiple locations or many vendor/landlord relationships.
Example
A restaurant chain with 8 locations carries Blanket Building + BPP coverage with a $5M shared limit, rather than 8 separate location-specific schedules of $625K each. If one location burns down causing $2M in damage, the full $2M is paid from the blanket limit.
Sources cited
Need blanket insurance coverage?
Compare quotes from 10+ commercial insurance carriers in 5 minutes. Free, no contact info required.
Get My Quotes →Disclosures
📘 Educational content only.
Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
Advertiser disclosure.
Get Business Coverage is a licensed insurance referral service. We may receive
compensation when you click links to carrier partners or complete a quote. This
compensation may impact how and where products appear on this page, but it does
not influence our editorial content or research methodology.