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Blanket

In property and liability, used to designate insurance that extends to more than one location or one class of property or one employee.

Blanket bond

An employee dishonesty or fidelity bond covering all persons of a group or class, as opposed to bonds naming specific individuals (name schedule) or positions (position schedule).

Blanket contract

Comprehensive group insurance coverage through plans sponsored by professional associations for their members such as athletic teams.
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A contract of health insurance affording benefits, such as accidental death and dismemberment, for all of a class of persons not individually identified. It is used for such groups as athletic teams, campers, travel policy for employees, etc.

Blanket coverage

MEDICAL,USA: 1. Health insurance benefits under a family subscriber contract for dependents whose names and ages are not stated on the insurance application form. 2. Insurance policy that covers several different properties at either a single location or in different locations. 3. Insurance contract that is issued to cover several individuals such as an athletic team.
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A means of insuring various items of property under one limit of liability.
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Property Insurance that applies a single Policy limit to many types of property at one location or property at two or more locations. Blanket coverage permits property to be moved from one covered location to another without changing the amount of protection.

Blanket crime policy

An individual policy covering several crime perils on a single amount rather than on individual limits.
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A policy which provides coverage for employee dishonesty, loss of money and securities inside and outside the premises, depositor’s forgery, loss of money orders, and counterfeit paper currency. A single limit of insurance applies to all coverage.