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Blanket Insurance is an insurance policy under which more than one property can be insured in more than one location. When you purchase a blanket insurance policy, you need not to specify the items covered under the insurance, as everything under a property is covered. Blanket insurance is not used to Insure just property, but also things like the health of employees, theft in a particular establishment, etc.

How to Get Blanket Insurance:

There are some basic requirements that you have to fulfill before you opt for Blanket Insurance CA.

1) List of Items

You need to draw up a statement of values about the value and the name of the elements that go by the insurance cover. The SOV-states the name of the object and its location.

2) Coinsurance

If you insured property at various locations, a major problem arises at the time of payment for accidents or damage to property. The boundary of the property under blanket insurance must be examined. If the value of the damaged property is more than what is offered under the terms of the insurance cover, you will suffer a loss. You must not forget that insurance companies keep in mind the cumulative value of the properties and items that you are insured, not the value of a single item.

What you need to know before you opt for Blanket Insurance:

1) Agreed price

Agreed, the value that both insurer and the insurance itself, while creating a blanket insurance. You must be very careful while on an agreed value, as you can not invoke the coinsurance penalty and the insurance limit changes at the time of payment.

2) Different rules

Before opting for a flat-rate insurance, you must not forget that the various insurance companies have different rules in relation to insurance cover. Because the insurance must have many elements and features, all under a single limit, many companies are reluctant to do it.

3) If your property is located in many different regions, will always be a blanket insurance cover will be difficult. In fact, you may have many different flat rate insurance for properties in various states and countries.

4) high ceiling

The highest ceiling is calculated based on the highest value among the items for which insurance cover. This kind of blanket insurance can be expensive.

5) Blanket Average rating

The individual values of the items covered under blanket insurance are added, and then divided by the insurance limit. The resulting amount is known as Blanket Average limit. This is cheaper than Blanket Highest rate premium.

Many people blindly sign of blanket insurance, they think protect their property against any kind of loss. Before signing, you must read the fine print, and keep the above points into consideration. If you find it difficult to choose a blanket insurance cover for your business, you have a small business consultant or an insurance agent.

Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign up for the free success steps newsletter and our booklet valued at $ 24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing companies.

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