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Re: was Re: Survey, final result (Corrected)

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Not exactly.  The LOL which isn't defined by contract is everything your
insurance will pay plus everything your business can pay (if you're not
incorporated, then it also includes everything *you* own and can pay).  That
includes your fixed assets and your future earnings.  Just because your
insurance policy has a limit doesn't mean that that's what a jury or
arbitrator or judge will award.

Lew Midlam, PE

-----Original Message-----
From: Jeff Smith <smthengr(--nospam--at)>
To: seaoc(--nospam--at) <seaoc(--nospam--at)>
Date: Thursday, April 30, 1998 12:44 PM
Subject: LOL: was Re: Survey, final result (Corrected)

. The LOL for which *no* premium discount is given is the maximum
>limit of the policy