Which type of coverage provides one policy amount that applies to multiple locations?

Blanket coverage is designed to provide a single policy limit that applies to multiple locations or types of property. This type of coverage is particularly advantageous for businesses or individuals with assets spread across various locations, as it simplifies the insurance process by consolidating coverage under one limit.

For instance, if a business owns several buildings or properties, blanket coverage allows them to insure all these locations under one policy amount rather than requiring separate coverage for each property. This can streamline management of the insurance and often leads to cost savings compared to managing multiple policies.

Other options, while they serve specific needs, do not provide the same flexibility. Specific coverage tends to apply a set amount to designated properties rather than a cumulative total across multiple sites. Location-based coverage typically suggests that coverage is only relevant to specified locations and doesn't offer the advantages of blanket coverage. Scheduled coverage, on the other hand, lists out specific properties with individual limits, which can create complexities and might not cover all assets effectively under a single comprehensive amount.