Blanket policy is a type of policy which covers a category of items broadly rather than handling them separately.
According to Webster's Dictionary, it "covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a group or class of different pieces of property to one general lien."[1]
References
edit- ^ "Blanket mortgage". Webster's Revised Unabridged Dictionary. Springfield, MA: G. & C. Merriam. 1913. OCLC 800618302. Retrieved 17 October 2024.
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