What type of coverage is provided by a policy that insures a building for $100,000 and personal property for $50,000 at a single location?

The type of coverage provided by insuring a building for a specific amount at a single location, along with a set amount for personal property, is referred to as specific coverage. This type of insurance indicates that individual items, or specific classes of assets (like the building and personal property), are covered under predetermined limits.

Specific coverage specifies the exact items or amounts insured, allowing policyholders to understand the extent of their protection clearly. In this case, the policy specifies $100,000 for the building and $50,000 for personal property, which confines the insurance responsibility to these defined values at one location.

In contrast, broad and general coverage typically involve a more comprehensive approach and might include a wider range of perils or coverage for undefined items, not tied to specific values. Comprehensive coverage often refers to a broader form of policy that covers various risks not specifically listed, rather than clearly earmarking set amounts for particular assets. Hence, when looking at policies that clearly delineate the values for the insured items at a single location, specific coverage is the most appropriate classification.