Umbrella Insurance in Evansville, IN
If you’re a high-net-worth individual, your auto, homeowners, landlord or watercraft insurance policies may not be sufficient to protect your financial stability. In this case, 
How Does Umbrella Insurance Work?
Umbrella insurance acts as an additional layer of protection if a liability claim exhausts the limits of your existing policies.
Coverage varies depending on the insurer, and typically provides the following:
- Personal injury liability coverage may cover your legal costs if you are accused of defamation, libel or slander.
- Bodily injury liability coverage may help pay for medical expenses if you are liable for causing bodily harm to another party.
- Property damage liability coverage may cover the associated costs if you are responsible for destroying someone else’s property.
- Legal defense coverage may help pay attorney fees and court costs, even if you are found not liable for the accident or incident.
How Much Personal Umbrella Insurance Should I Have?
Ideally, your umbrella insurance should bridge the gap between the value of your assets and the coverage limits of your existing policies. You may also consider your future earnings or potential lawsuits that you may face.
The following factors may affect your premium:
- Your location
- Your credit history
- The value of homes, vehicles and watercraft that you own
- Your driving history
- Your claims history
How To Get Umbrella Insurance
Contact Lancaster Insurance Agency to explore your umbrella insurance options or request a personalized quote.