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injuries. Excess coverage under the waiver option makes more funds available to compensate the <br /> victims in that kind of situation. <br /> The cost of the excess liability coverage is about 25%greater if the city waives the statutory tort <br /> limits. The cost difference is proportionally greater than the cost difference at the primary level <br /> because for a city that carries excess coverage, waiving the statutory tort limits increases both the per- <br /> claimant exposure and the per-occurrence exposure. <br /> Waiving Statutory Tort Liability Limits: Increase in Risk? <br /> There is no increase in risk for the city to end up with liability if LMCIT doesn't cover it. The waiver <br /> form specifically says the city'is;waiv,Jng'the statutory tort liability limits only to the extent of the <br /> city's coverage. <br /> Of course, that's not to say there is no risk the city's liability could exceed its coverage limits. We <br /> listed earlier a number of ways that could happen to any city. But the waiver doesn't increase that <br /> risk. <br /> Can we Waive the Statutory Tort Limits for the Primary Coverage but not for the <br /> Excess Coverage? <br /> No. If the city decides to waive the statutory tort limits, that waiver applies to the full extent of the <br /> coverage limits the city has. The city cannot partially waive the statutory limits. <br /> Is there a Simple way to Summarize the Options? Your League Resource <br /> It's not necessarily simple, but the table on the following <br /> page is a shorthand summary of what the effect would be of Feel free call the Underwriting <br /> the various coverage structure options in different Department at 651-281-1200 or <br /> 800-925-1122 with any <br /> circumstances. <br /> questions. <br /> Pete Tritz 2/12 <br /> V `{' <br /> 5 <br />