What does blanket coverage offer for insured items?

Blanket coverage is designed to provide insurance for multiple items under a single sum insured, rather than assigning individual values to each item. This means that instead of having separate coverage limits for each valuable possession, the insured can have a larger, overarching limit that applies to all the listed items collectively. This approach simplifies the management of insurance as it does not require the policyholder to list each item and its value individually, which is beneficial for insuring multiple items that may vary in value or that the insured may acquire over time.

For example, if someone has a collection of jewelry, art, and electronics that are difficult to value individually, they can take out blanket coverage that protects the entire collection under one total limit. Should a loss occur, the insured can claim against that total amount, which offers convenience and flexibility in handling losses.

This rationale highlights why a single dollar amount that applies to multiple items aligns perfectly with the nature of blanket coverage. The approach helps in situations where continuously assessing individual item values could be cumbersome or perhaps impractical, ensuring that the insured has adequate protection without administrative strain.