Average. In the event of under-insurance, Insurers may reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value of the insured items.
Appears in 8 contracts
Samples: Terms of Business Agreement, Terms of Business Agreement, Parkers Terms of Business Agreement
Average. In the event of under-insurance, Insurers may reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value of the insured items.. DECLARATIONS
Appears in 1 contract
Samples: static1.squarespace.com
Average. In the event of under-insurance, Insurers may reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value of the insured items.. IMPORTANT: SEE DECLARATIONS OVERLEAF DECLARATIONS
Appears in 1 contract
Samples: Terms of Business Agreement
Average. In the event of under-insurance, Insurers may reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value of the insured itemsitems or limit of indemnity.
Appears in 1 contract
Samples: Terms of Business Agreement
Average. In the event of under-insurance, Insurers may reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value of the insured items.. IMPORTANT: SEE DECLARATIONS
Appears in 1 contract
Samples: Terms of Business Agreement
