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Vanderburgh County approves 2025 property and casualty insurance renewal with $50M quake limit
Summary
The commissioners approved the county's 2025 property and casualty insurance renewal with Princeton recommended as carrier, a reported $277,231,342 in insured property, a $50 million earthquake coverage limit and an overall premium increase of about 10%.
The Vanderburgh County Board of Commissioners on Nov. 19 approved the county's 2025 property and casualty insurance renewal, keeping Princeton as the recommended carrier and adopting program terms that include a $50,000,000 limit for earthquake coverage and an approximate 10% premium increase.
Mister Dillo, who presented the renewal, said: "The total property limit of insured building and contents at Vanderburgh County is $277,231,342." He told the board Princeton had been used previously and remained the best market option for municipalities.
Dillo said insurers' modeling of…
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