Common use of Average Clause in Contracts

Average. If the property hereby Insured shall, at the time of any loss, 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 Schedule shall be separately subject to this condition.

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

Average. If In the event of a loss, if the property hereby Insured shall, at the time of any loss, insured shall be collectively of greater value than the sum Insured 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, item if more than one, one of the Schedule Policy shall be separately subject to this condition.

Average. If the property hereby Property 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 Schedule Policy shall be separately subject to this conditionCondition.

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