MLchartDataset catalogue

Blanket limit

Term · Insurance and risk management · MLC-T-INS-000570

A single amount of insurance that applies to multiple items, locations, or types of property, rather than assigning a specific limit to each. This allows the insured to apply the full limit to any single loss or combination of losses up to the total amount. For example, a blanket limit might cover all buildings at a single location.

Table 1. Record
IdentifierMLC-T-INS-000570
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000570",
  "term": "Blanket limit",
  "field": "Insurance and risk management",
  "definition": "A single amount of insurance that applies to multiple items, locations, or types of property, rather than assigning a specific limit to each. This allows the insured to apply the full limit to any single loss or combination of losses up to the total amount. For example, a blanket limit might cover all buildings at a single location.",
  "url": "https://mlchart.com/terminology/insurance/blanket-limit/"
}

Record 332 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.