What coverage type provides a specific amount of coverage for each insured property?

The appropriate answer is that the schedule coverage type provides a specific amount of coverage for each insured property. This method of coverage allows an insured to designate different limits for different items or properties, giving them the flexibility to cover various items based on their individual value. For instance, a homeowner might choose to insure their jewelry, artwork, and collectibles with specific limits that reflect their individual worth, which makes the policy tailored to their needs.

In contrast, specific coverage typically refers to coverage that applies to a single item and does not allow for multiple properties under one limit. Blanket coverage aggregates the values of multiple properties under one single limit, providing broader protections but without the specific breakdown for each item. General coverage is a more vague term and does not apply to this context in terms of specific property amounts.

By understanding how schedule coverage allows for distinct limits per property, one can see the importance of tailoring insurance to meet individual needs effectively.