Blanket insurance is a preferred coverage form over specific insurance because

A. Blanket insurance specifically insures values of property at various locations.

B. Blanket insurance can be rated without assigning specific values at each location.

C. Blanket insurance covers two or more types of property in one or more buildings.

D. Specific insurance must be calculated on a weighted average basis by location.

Solutions

Expert Solution

Option C. Blanket Insurance

Blanket insurance can be used to cover one or more property in one or more locations.

Specific insurance can be used to cover either commercial property or personal property at location one at a time.

jeff jeffy answered 1 year ago

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