1. A personal umbrella policy generally provides:

Excess liability coverage above underlying policy limits

A personal umbrella provides excess liability limits above the underlying auto and homeowners coverage.

2. Coverage for damage caused by rising surface water is generally provided through:

The National Flood Insurance Program or private flood coverage

Flood damage is generally excluded by homeowners policies and is instead covered through the NFIP or private flood insurance.

3. A boatowners or watercraft policy is typically needed because the homeowners policy:

Provides only limited coverage for watercraft

Homeowners policies provide only limited watercraft coverage, so a separate boat policy is often needed.

4. A personal articles floater is most commonly used to:

Insure scheduled valuables such as jewelry on an open-perils basis

A personal articles floater schedules specific valuables and insures them broadly, often on an open-perils basis.