A Typical Loss of Production Income (LOPI) claim - IMUA
A Typical Loss of Production Income (LOPI) claim - IMUA
A Typical Loss of Production Income (LOPI) claim - IMUA
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<strong>Loss</strong> <strong>of</strong> <strong>Production</strong> <strong>Income</strong> (<strong>LOPI</strong>)<br />
Provides compensation to the Operator <strong>of</strong> a well if the well is<br />
not able to produce as a result <strong>of</strong> a Named Peril.<br />
• <strong>Typical</strong>ly subject to a “Waiting Period” number <strong>of</strong> days<br />
before <strong>LOPI</strong> cover will commence.<br />
• <strong>LOPI</strong> coverage typically provides an agreed upon value<br />
(per unit) for the production shortfall, for a specified Limit<br />
<strong>of</strong> days.<br />
• Expediting / Mitigation Costs may be applicable.<br />
The Adjuster will typically review the production data,<br />
calculate the production shortfall, apply Policy waiting periods<br />
and agreed unit values to arrive at potential <strong>claim</strong>.<br />
HYDROFRACKING – The scope and magnitude <strong>of</strong> the process, inland marine exposures/issues and community impact. Slide No. 18
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