What term describes a single limit of insurance that applies to all items of a specific property type?

The term that describes a single limit of insurance that applies to all items of a specific property type is "Blanket." In insurance, a blanket policy covers multiple items or types of property under one overall limit, rather than providing individual limits for each item. This approach offers flexibility and simplicity because it allows the insured to have a single coverage limit that can apply across various items. It is particularly useful for businesses that have numerous items of similar types, as it minimizes the complexities involved in managing multiple policies or limits for each individual piece of property. This broad coverage can enhance risk management and simplify the claims process, making it an effective choice for policyholders.