Abstract: A reversible bedcovering assembly, including a main bedcovering having an inward section surrounded by an edge section and at least two side portions attached to the edge section and depending therefrom when installed on a mattress or bed. Each side portion is adjacent at least one other side portion and forms a void therebetween. A gusset insert is provided to substantially fill the void between adjacent side portions, each gusset insert having a top portion and a drape portion attached thereto. Each gusset insert is attached to the main bedcovering adjacent the edge section.