Blanket Insurance

How to Find Blanket Insurance

(And why you may need it)

A blanket insurance policy may be exactly what you need if you’re looking for broad coverage not found in individual policies. Blanket coverage can apply to several forms of insurance and it can be a challenge to determine which method is more cost effective. 

Blanket insurance isn’t meant for everyone, so it’s helpful to have a guide at your side. An independent agent in our network can help you understand the pros and cons of blanket insurance and find the exact amount and type of coverage you need. 

For assistance comparing insurance companies and blanket insurance quotes, contact an independent agent right in your area.

Benefits of Blanket Insurance

  • It can provide comprehensive coverage a single policy cannot.
  • You don’t have to purchase multiple individual policies to get the coverage you need.
  • One policy is easier to understand, and it provides:
    • More options
    • Time savings
    • Peace of mind

What Is Blanket Insurance?

Blanket insurance provides more than one type of coverage using a single policy with a single limit. It can provide multiple types of coverage on one property, or group several properties together under one blanket policy.

For example:

  • Your home insurance is a type of blanket insurance, as it covers both your home's structure and your personal property against loss.
  • If you are a landlord and you own multiple apartment units, a blanket policy can provide a single limit for all properties. The maximum amount payable under the policy is divided among all the properties.
  • If you are a franchise owner and you own several fast food restaurants, all at different locations, you can buy a blanket policy to cover all of your stores under one policy with a single limit.

Blanket insurance typically provides a wider range of protection than your individual policy. Although it costs more, the additional covered perils may be worth the investment. Examine the policy in detail to see just how much more is covered to decide if this type of policy is right for you.

Types of Blanket Insurance

There are several different blanket insurance applications in several different areas of insurance, including the following.

Home and personal property:

  • A homeowner’s policy is one of the most common forms of blanket insurance. Since it not only provides coverage for your home, but also for other detached structures and your personal property, it’s essentially “blanketing” your possessions with protection.
  • Various personal property items may qualify for a blanket insurance policy, such as artwork, antiques and collectibles.


  • Commercial enterprises can purchase this type of coverage if multiple office buildings or warehouses need to be covered. Insuring each building with an individual policy would be costly and time consuming, by comparison.
  • Condo homeowner’s associations typically use this to provide coverage not only for the structure of units, but shared spaces as well. The advantage to insuring properties like this with blanket insurance is that no matter how much the value of the property shifts, coverage remains the same.
  • Landlords can cover all of their individual properties with one single-limit blanket policy.
  • Restaurant owners can use a blanket insurance policy to cover items such as specialty equipment that needs to be transported among locations on a frequent basis.


  • You can typically purchase blanket health insurance, although you may need to tailor your policy to reflect your needs. If you have an adult parent living at home with you, he or she may not be considered a dependent by your individual health plan. Purchasing blanket coverage may allow you to place your parent on your health insurance, regardless of tax designation.
  • If that doesn’t apply to your situation, you might want to examine a blanket medical expense policy. This will pay all medical claim expenses, up to a certain maximum limit.

Who Needs Blanket Insurance?

If you’re an individual who doesn’t own multiple properties and you don't have complicated health insurance needs, you probably don’t need a blanket insurance policy. It will most likely be more cost effective to pursue individual policies and add riders if necessary.

On the other hand, if you have multiple properties that need to be insured, whether they are residential, rental or commercial properties, a blanket property insurance policy may be ideal.

Any type of blanket policy, such as blanket medical insurance, needs to be evaluated on a case-by-case basis. So it is important to work with a knowledgeable agent who can customize coverage to your needs. 

An independent agent can help you compare individual policies with blanket coverage before choosing the option that makes the most sense for you.

How Much Does Blanket Insurance Cost?

Blanket insurance is undoubtedly more expensive than an individual insurance policy. But you must consider the advantage of extended coverage and just how much that is worth to you.

Blanket insurance coverage will typically run about 10 percent more than your average policy, but to get the same amount of coverage, you’d need to purchase at least two separate policies. As you may know, bundling insurance can often save you money. Blanket insurance takes care of the bundling for you.

Getting Assistance with Blanket Insurance Policies

If you’re interested in learning more about how blanket insurance coverage can reduce your personal insurance costs, or the costs of your business insurance costs as a business owner, an independent agent in our network can help.

Independent agents have access to competitive rates from multiple insurance companies and will compare several policies to find the one that will work best for you. Contact an independent agent today to learn whether blanket insurance is right for you.

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