Chapter 10. Miscellaneous Personal Insurance

Terms you'll need to understand:

  • Flood

  • Layup warranty

  • Navigational limits

  • Self-insured retention

  • FAIR (Fair Access to Insurance Requirements) plan

Concepts you'll need to master:

  • Emergency flood insurance program

  • Regular flood insurance program

  • Write your own program

  • Inland marine floaters

  • Personal property form

  • Personal effects form

  • Personal watercraft insurance

  • Umbrella insurance

  • Excess liability coverage

Although the personal lines policies we've reviewed so far insure a number of personal loss exposures, they also exclude or limit coverage for certain exposures. For example, Dwelling and homeowners policies both exclude losses caused by floods, and a homeowners policy provides only limited coverage for watercraft ...

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