A master insurance program (or master policy) is a single, centralized insurance policy that provides blanket coverage for multiple properties, locations, entities, operations, or individuals under one contract. It simplifies administration, often reduces costs through economies of scale, ensures consistent coverage terms, and streamlines claims and renewals compared to separate individual policies. It is commonly used when one sponsor (e.g., a property owner, association, or parent company) arranges coverage that benefits a group, with participants often receiving certificates of insurance.
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