1. A personal umbrella policy primarily provides what?

Excess liability above underlying auto and homeowners limits

A personal umbrella provides excess liability over underlying auto and homeowners policies and may cover some gaps.

2. For a loss not covered by underlying insurance, an umbrella policy may require the insured to pay what first?

A self-insured retention

For losses the umbrella covers but underlying policies do not, the insured typically pays a self-insured retention first.

3. A separate watercraft or boat policy is often needed because homeowners coverage for larger boats is what?

Limited or excluded

Homeowners forms provide limited or no coverage for larger watercraft, so a separate boat policy is often necessary.

4. Personal flood coverage in the United States is most commonly provided through what?

The National Flood Insurance Program or private flood insurers

Flood coverage is commonly provided through the National Flood Insurance Program or private flood markets, not standard homeowners policies.