Which of the following best describes a "monoline" insurance policy?

A "monoline" insurance policy is best described as a single coverage type policy. This means that it provides coverage for only one specific type of risk or insurance need, unlike other policies that may cover multiple types of risks or include bundled features. Monoline policies focus on a singular area, such as auto insurance, property insurance, or liability coverage, allowing businesses or individuals to tailor their insurance needs more precisely without the complexities of a broader package. This can often lead to a clearer understanding of coverage limits and benefits associated with that particular line of insurance. By focusing on one type of coverage, monoline policies often cater to specific needs more effectively compared to other options that include multiple risks or features.