1. A personal umbrella policy provides:

Excess liability above underlying auto and homeowners limits

A personal umbrella adds excess liability limits above the underlying auto and homeowners policies.

2. When a loss is covered by the umbrella but not the underlying policy, the insured typically pays:

A self-insured retention before the umbrella responds

For losses not covered by an underlying policy, the insured pays a self-insured retention before umbrella coverage applies.

3. Personal flood insurance is most commonly provided through:

The National Flood Insurance Program or private flood insurers

Flood coverage is generally provided through the NFIP or private flood insurers, not the homeowners policy.

4. A personal watercraft (boat) policy typically covers:

Physical damage to the boat and liability arising from its use

Boatowners policies cover physical damage to the watercraft and liability from its operation.