Washington State Insurance Practice Exam

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What is a common advantage of blanket insurance compared to specific insurance?

  1. Lower deductibles

  2. Simplified payment structures

  3. Single property coverage

  4. Coverage across multiple locations or items

The correct answer is: Coverage across multiple locations or items

Blanket insurance typically offers coverage across multiple locations or items under a single policy, making it advantageous for businesses or property owners who have diverse assets to insure. This contrasts with specific insurance, which provides coverage for individual properties or items separately. Therefore, the ability of blanket insurance to cover a range of properties or assets under one policy is a key advantage that simplifies the insurance process for the policyholder.

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