This is what I need to understand in terms of “economic loss incurred”. We're trying to figure out where the parameters for economic loss should be measured.
Tell me the difference in this. I know I'm making comparisons between home and auto insurance, which might look very different from nuclear insurance. When somebody gets insurance for their automobile, they don't insure it for $100; they try to get insurance that might cover the replacement of the car. Isn't that correct?