Common use of Average Clause in Contracts

Average. If the market value of the property insured at the time of any loss is collectively of higher value than the Sum Insured stated in the Schedule, then You will be responsible for the difference and bear a proportional share of the loss. The sharing of proportional loss will apply separately to each item insured.

Average. If the market value of the property insured covered at the time of any loss is collectively of higher value than the Sum Insured Covered stated in the Schedule, then You will be responsible for the difference and bear a proportional share of the loss. The sharing of proportional loss will apply separately to each item insuredcovered.

Average. If the market value of the property insured at the time of any loss is collectively of higher value than the Sum Insured sum insured stated in the Schedule, then You will be responsible for the difference and bear a proportional share of the loss. The sharing of proportional loss will apply separately to each item insured.

Average. If the market value of the property insured at the time of any loss is collectively of higher value than the Sum Insured stated in the Schedule, then You will be responsible for the difference difference and bear a proportional share of the loss. The sharing of proportional loss will apply separately to each item insured.