insurance

What is blanket insurance?

 

What is blanket insurance?

The Bankrate.com financial term of the day is: "blanket insurance."
If you live in a condo, co-op or a neighborhood with a homeowners association, the development will have an insurance policy called "blanket insurance." But this blanket doesn't give you complete security because it covers areas owned in common -- such as a pool, and maybe the buildings -- but it doesn't cover your possessions inside the home.  

Blanket insurance tucks in coverage for the common areas of a housing development, but there are holes in the blanket because it doesn't cover your personal property.

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Check credit before auto loan

The news that an auto finance company distorted consumer credit records for years is a good reminder to check your credit report regularly.  ... Read more


Connect with us