(2) Requires any insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of "pollutants". The expiration date of this policy will not cut short the "period of restoration". Loss Example: In the 3 scenarios below, the same loss will be analyzed using each of the three Monthly Limit of Indemnity options: 1/3, 1/4, and 1/6. Scenario #1: Limit of insurance: $150,000 Monthly Limit Option selected by insured: 1/3 Maximum available per month: 1/3 (.333 or 33.3%) of $150,000 = $50,000
Month
BI loss
Available
Paid
Unpaid
March
$25,000
$50,000
$25,000
---
April
$30,000
$50,000
$30,000
---
May
$55,000
$50,000
$50,000
$5,000
June
$55,000
$45,000
$45,000
$10,000
July
---
$0.00
---
---
August
---
---
---
---
TOTALS
$165,000
$150,000 $15,000
Comments: (1) For June, only $45,000 is available, since the amounts paid under Smithco’s policy for March-May totaled $105,000. Scenario #2: Limit of insurance: $150,000 Monthly Limit Option selected by insured: 1/4 Maximum available per month: 1/4 (.25 or 25%) of $150,000 = $37,500
Louisiana Agent 12