What type of property insurance provides $100,000 coverage for a building and $50,000 coverage for personal property at a single location called?

The type of property insurance that offers designated amounts of coverage for both a building and personal property at a single location is known as specific coverage. This approach typically outlines clear limits for individual categories of coverage, such as the specific dollar amount allocated for the building and the specific amount for personal property.

In this case, the policy explicitly details the separate limits—$100,000 for the building and $50,000 for personal property—reflecting the idea of specific coverage. This contrasts with other coverage types, such as blanket coverage, which provides a total amount of coverage that can be applied to multiple properties or categories without predetermined limits for each category. Understanding these distinctions is crucial for selecting the appropriate insurance coverage based on individual needs and risk factors.