Common use of Average Clause in Contracts

Average. If the Property Insured shall at the time of any loss, destruction or damage be collectively of greater value than the Sum Insured thereon then the Insured shall be considered as being his own Insurer for the difference and shall bear a rateable proportion of the loss accordingly. Every Item if more than one of the Policy shall be separately subject to this Condition.

Average. If the Property Insured property hereby insured shall at the time of any loss, destruction loss or damage be collectively of greater value than the Sum Insured the sum insured thereon then the Insured insured shall be considered as being his own Insurer insurer for the difference and shall bear a the rateable proportion of the loss or damage accordingly. Every Item item, if more than one one, of the Policy shall be separately subject to this Conditioncondition.

Average. If the Property Insured insured shall at the time of any loss, destruction or damage be collectively of greater value than the Sum Insured thereon then the Insured shall be considered as being his own Insurer for the difference and shall bear a rateable ratable proportion of the loss accordingly. Every Item item if more than one of the Policy shall be separately subject to this Condition.

Average. If In the Property Insured shall at the time event of any a loss, destruction or damage if the property hereby insured shall be collectively of greater value than the Sum Insured thereon sum insured thereon, then the Insured shall be considered as being his own Insurer for the difference difference, and shall bear a rateable proportion of the loss accordingly. Every Item item if more than one of the Policy shall be separately subject to this Conditioncondition.

Average. If the Property property hereby Insured shall shall, at the time of any loss, destruction or damage be collectively of greater value than the Sum sum Insured thereon thereon, then the Insured shall be considered as being his own Insurer for the difference difference, and shall bear a rateable proportion of the loss accordingly. Every Item item, if more than one one, of the Policy Schedule shall be separately subject to this Conditioncondition.

Average. If the Property Insured shall at the time of any loss, destruction or damage be collectively of greater value than the Sum Insured sum insured thereon then the Insured shall be considered as being his own Insurer insurer for the difference and shall bear a rateable rate able proportion of the loss accordingly. Every Item item if more than one of the Policy shall be separately subject to this Condition.