1. A personal umbrella policy primarily provides:

Excess liability limits above underlying auto and homeowners policies

A personal umbrella provides additional liability limits above the underlying auto and homeowners policies.

2. Valuable, easily movable property such as fine art or jewelry is commonly insured under:

Inland marine or floater coverage

Inland marine floaters provide broad coverage for valuable, portable property that moves from place to place.

3. Coverage for damage caused by rising flood waters is generally:

Provided separately, often through the National Flood Insurance Program

Flood damage is typically excluded from homeowners policies and is insured separately, often through the National Flood Insurance Program.

4. A three-party agreement that guarantees the performance of an obligation is a:

Surety bond

A surety bond is a three-party agreement guaranteeing that the principal will perform an obligation to the obligee.