Separate property insurance limits that apply to each type of covered property
interest (building, personal property, business income, etc.) at each covered
location. Contrasts with blanket limits that apply over more than one covered
property interest or more than one location or both. Also called "specific
limits." This is in contrast to a blanket limit, which is a single limit
of insurance that applies over more than one location, more than one type of
property, or both.