1. A personal umbrella policy provides:

Additional liability limits above the underlying auto and homeowners policies

A personal umbrella policy provides extra liability limits over underlying auto and homeowners coverage, and may cover some claims not covered below.

2. A homeowner who buys a large powerboat will likely need separate coverage because the homeowners policy:

Provides only limited watercraft coverage

Homeowners policies provide only limited watercraft coverage, so a larger boat usually needs a separate boat or yacht policy.

3. A policy or endorsement that broadly insures valuable items such as jewelry, furs, and cameras on an itemized basis is a:

Personal articles floater

A personal articles floater insures specifically listed valuables on a broad, often open-peril basis for their scheduled values.

4. Flood insurance for most U.S. homeowners is commonly written through the:

National Flood Insurance Program

Flood coverage is generally provided through the National Flood Insurance Program or approved private flood insurers, not the standard homeowners policy.