Increased Value Clause Samples

Increased Value. (if required by the Bank) Insurance of increased value (Total Loss only, Excess Liabilities included) as per the applicable English or American Institute Clauses or similar clauses (Disbursement/Increased Value/Excess Liabilities) up to an amount no less than the Required Amount, as shall from time to time be approved in writing by the Bank;

Increased Value. If any Increased Value insurance is effected by the Assured on the subject-matter insured under this insurance the agreed value of the subject-matter insured shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances covering the loss, and liability under this insurance shall be in such proportion as the sum insured under this insurance bears to such total amount insured. In the event of claim the Assured shall provide the Insurers with evidence of the amounts insured under all other insurances.