Which type of insurance coverage requires separate amounts for different items?

Specific coverage is designed to provide separate amounts for different items within an insurance policy. This type of coverage allows policyholders to insure individual items or categories of items for specific values. For example, in a property insurance context, a policy could provide a distinct amount of coverage for jewelry, electronics, and furniture, each tailored to reflect the value and risk associated with those items.

This structure ensures that if one item is damaged or lost, the coverage related to that specific item remains intact and unaffected by claims made on others. For instance, if a high-value piece of jewelry is lost, the specific coverage would pay up to the value designated for that item without impinging on the amounts set aside for other items.

In contrast, general coverage typically refers to broader insurance that covers a wide range of incidents without segregating values for individual items, while aggregate coverage combines multiple items under a total limit, thus not allocating specific amounts per item. Comprehensive coverage generally offers protection against a wide array of risks but does not inherently focus on assigning separate values for individual items.