What type of coverage does an insured have if they own several buildings insured on separate policies?

The correct answer is that the insured has specific coverage if they own several buildings insured under separate policies. Specific coverage refers to insurance policies that cover individual items or properties separately, with each building or property being insured on its own policy. This means each policy specifies the coverage for a distinct building, and the insured would need to file a claim for each building separately if an incident occurs.

This type of coverage is beneficial for owners who want tailored protection for each property, as they can choose different coverage limits, deductibles, and terms based on the unique risks associated with each building. In contrast to blanket coverage, which covers multiple properties under a single limit, specific coverage enables more precise management of each insured asset. Blanket coverage would not apply here since it encompasses multiple properties under one policy rather than them being insured separately.