At Nicholas Insurance, we know that you don’t have to be a millionare to be sued like one. While you may lack liquid assets, your home, savings, and retirement can all be at risk if you’re involved in a lawsuit. That’s why we offer a personal umbrella policy (PUP), a type of personal liability insurance that works with the existing liability coverage on your auto and homeowner’s policies.

Here’s how this policy works: your home and auto policies provide protection for covered incidents of bodily injury or property damage liability, up to the policy limit. But what if your legal liability exceeds the limits of your policy? Without coverage, the extra money could be gleaned from garnishing your future wages, emptying your retirement account, and selling your home for the equity you’ve built in it.

That’s where we can help.

Not everyone needs a personal umbrella policy. However, you may be at risk in a loss situation any of the following apply to you:

• you have a large number of assets, including a home, boat,  savings, and/or retirement account.
• you have young drivers (under twenty-five) in your household.
• you own rental properties.
• you own a business.
• you volunteer within the community.

If any of these factors apply to you, please contact us today. One of our licensed representatives would be happy to further explain cost and benefits of a PUP policy, and to help you determine if it’s right for you.