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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
http://www.lcm.com


-----Original Message-----
From: Jeff Smith <smthengr(--nospam--at)sirius.com>
To: seaoc(--nospam--at)seaoc.org <seaoc(--nospam--at)seaoc.org>
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