How is Susan's ownership of three restaurant buildings, each with a separate limit of insurance, best described?

Susan's ownership of three restaurant buildings, each with a separate limit of insurance, is best described as specific insurance. This type of insurance is characterized by providing coverage that applies to a particular property or risk, with designated limits for each piece of that property. In Susan's case, each building has its own insurance limit, indicating that the coverage is tailored specifically to each individual structure rather than grouped together.

The notion of specific insurance allows for clear delineation of liability and coverage amounts for each asset involved. This can be especially advantageous in managing risk, as it means that claims against one building do not affect the coverage limits of the others. Specific insurance is essential for property owners like Susan, as it enables them to have control over the insurance specifics tied to each property.

In contrast, other types of insurance like aggregate insurance would involve a total limit that applies to multiple properties combined, which does not fit Susan's situation. Combined and universal insurance also relate to different concepts that do not accurately describe the individual insurance coverage for each of the restaurant buildings.