If an insured owns multiple buildings each insured separately, what type of coverage do they have?

The correct answer is specific coverage. This type of coverage refers to a policy arrangement where individual buildings or properties are insured separately under their own distinct insurance policies. Each structure has its own coverage limits, definitions, and terms, allowing the insured to tailor the coverage to reflect the unique risks associated with each building. This is particularly beneficial in situations where different buildings may serve different purposes or have different values and risks.

Choosing specific coverage means that the insured can effectively manage their risk exposure for each property, allowing them to respond to claims or losses on a building-by-building basis rather than being limited by a single policy that covers multiple properties. This ensures that the financial protection applies specifically to the risk that arises from each individual structure.

In contrast to specific coverage, other options like general coverage or comprehensive coverage are more generalized and do not emphasize the individual treatment of separate properties. Aggregate coverage, while relevant in certain contexts, typically refers to policy limits that are pooled together for multiple risks rather than separately insured properties. Therefore, specific coverage is the most appropriate term for this situation.