A sort of insurance policy that covers the common amenities of a condominium or townhome is known as blanket insurance. It also covers common property in a neighborhood administered by a homeowner’s association.
What does a blanket policy cover?
What is Blanket Insurance, and how does it work? A blanket insurance coverage covers multiple types of property at the same site, the same sort of property at multiple locations, or multiple types of property at two or more locations.
Which of the following groups would probably be covered by blanket insurance?
Which of the following groups is most likely to be covered by a blanket insurance policy? A blanket policy covers members of a specific group when they participate in a specific activity, such as a university sports team. Students, campers, passengers on a common carrier, and sports teams are examples of such groups.