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Thus, cities faced a dile*+ma: The city either had to buy <br />coverage limits equal to the statutory limits and bear the risk <br />of a larger claim that the statutory limits don't cover; or the <br />city could buy additional protection against those claims, but <br />by doing so expose itself to greater liability in the areas <br />where the statutory limits do apply, thereby losing the benefit <br />of those limits. <br />LMCIT's new approach to excess coverage eliminates that dilemma. <br />it is now possible for the city, if it wishes, to buy higher <br />limits of coverage where that protection may be needed, without <br />automatically waiving the statutory liability limits and losing <br />their protection where those limits apply. <br />What must the city do? <br />" _ + All LMCIT quotes for excess coverage,wiil show the premiums for <br />both options. The decision to waive or not to waive the <br />' statutory limits must be'made by motion or resolution of the <br />city council. A form to show the council's choice is enclosed <br />.with each quote. That form must be completed and returned to .. <br />LMCIT. <br />If the city indicates that it wishes to waive the liability <br />limits, LMCIT will issue a special endorsement as part of the <br />coverage document showing that the statutory liability limits <br />are waived to the extent of the coverage purchased. <br />Page 48 <br />