What type of coverage provides insurance for multiple properties under one policy?

Blanket coverage is designed to insure multiple properties under one single policy. This type of coverage is beneficial for property owners who have several locations or items that need protection, as it simplifies management and often leads to more efficient coverage terms and conditions. Under this structure, properties can vary in type, such as residential and commercial locations, and the overall limit applies across all properties insured.

The flexibility of blanket coverage allows for seamless insurance management, as it automatically adjusts to changes in the value of properties without needing separate policies for each. This means that if one property sustains a loss, the coverage is shared among the different properties under the policy, which can streamline claims processes and reduce administrative burdens.

In contrast, named coverage typically refers to a policy that explicitly states which properties or assets are covered, rather than providing a single, comprehensive limit across multiple properties. Single property coverage is focused on insuring one property at a time, and comprehensive coverage usually expands on types of risks but is not specifically aimed at covering multiple properties under a single policy structure.