Blanket Insurance (All Risk Insurance)

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Blanket Insurance (All Risk Insurance) Blanket insurance is a single property insurance policy that covers more than one type of property at the same location, the same kind of property at multiple locations, or multiple kinds or property at two or more locations. It covers personal possessions as well as the actual dwelling, "blanketing" all the homeowners' possessions. Think of it as an umbrella that protects you from a downpour, but instead of just rain, it shields you from hail, wind, and even falling branches. Blanket insurance is fairly common in everyday life. Homeowners insurance is a type of blanket insurance, as it covers both the structure and the contents of your house against loss. For landlords that own multiple apartment units, blanket policies can provide a single limit for all properties. Note that blanket insurance offers broad coverage, it may not be a substitute for specific types of insurance, such as flood insurance or earthquake insurance, in areas prone to these events. Benefits of blanket insurance; you will have peace of mind: Knowing you are covered for a wide range of potential losses can provide peace of mind and financial security. Also, it is very convenience, one policy covers multiple risks, eliminating the need for separate policies. Lastly, the potential cost savings because in some cases, blanket insurance can be more affordable than multiple individual policies. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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