What type of insurance provides coverage for only one kind of property at only one location of an insured?

Specific Coverage is the type of insurance that provides protection for only one kind of property located at a single insured location. This approach allows the insured to focus coverage on a designated item or asset, ensuring that it is fully protected against covered perils while keeping the policy straightforward and tailored to that specific need.

In the context of property insurance, specific coverage can be beneficial when the insured wants to control costs or when only one particular property is of significant importance, such as a piece of expensive equipment, a vehicle, or a specific building. This focused approach limits exposure and simplifies the claims process, as there is no need to navigate coverage for multiple properties or types of items.

The other options represent different approaches to insurance coverage. For instance, comprehensive coverage generally encompasses a broader range of risks and may span multiple types of property or locations. Blanket coverage provides a lump-sum amount of coverage that can be applied across multiple locations or types of property, which increases flexibility but might not be suitable for those who only need coverage for one specific item at one location. Bundle coverage typically involves a group of insurance policies packaged together, offering multiple types of coverage, but does not limit itself to a single property or location. This makes specific coverage the most appropriate choice for the scenario