See: blanket insurance.
Tag: RAW
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.
Blanket crime policy (Criminal)
A policy providing coverage for dishonest employees, loss of money orders, depositor’s forgery, or counterfeit currency. This type of policy has been replaced by commercial crime coverage or the commercial package policy.
Blanket Expenses Policy
A Policy or provision which pays all expenses for some type of disability, medical, nursing, surgical, hospitalization, X-ray etc.
Blanket Insurance
A form of property insurance that covers, in a single contact, either multiple types of property at a single location or one or more types of property at multiple locations.
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Insurance coverage that covers multiple items of property as a group. Covered property may be at one location or several.
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MEDICAL,USA,REFERENCE: See: group health plan .
Blanket insurance (Health Insurance/Property Insurance)
A health insurance contract that covers an entire group of people without identifying each individually. In property insurance, a contract that covers either multiple types of property at one location or several types of property at multiple locations.
Blanket limit
A single limit of insurance that applies over more than one location or more than one category of property coverage, or both. This is in contrast to specific or scheduled limits of insurance, which are separate limits that apply to each type of property at each location.
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In property Insurance, maximum amount which the Insurer will pay for any one loss to all items of property covered by, or ‘blanketed under’, a particular insuring agreement.
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Maximum amount of coverage that a company will write in a particular area.
Blanket medical expense
A policy provision for the payment of hospital and medical expenses up to a maximum amount.
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HEALTH,US: A provision which entitles the insured person to collect up to a maximum established in the policy for all hospital and medical expenses incurred, without any limitations on individual types of medical expenses.
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MEDICAL,USA: Insurance provision that gives the insured a stated maximum in the policy for hospital and medical expenses without limits on individual types of medical expenses.
Blanket medical expense insurance (Health Insurance)
Policy that covers medical costs, except for certain specific exclusions.
Blanket Mortgage
A single mortgage which covers more than one price of real estate.