Before a variation was agreed. If You have breached Your duty to make a fair presentation of the risk to Us before any variation to this policy was agreed, then: ◼ where the breach was deliberate or reckless, We may cancel this policy with effect from the date of the variation, and keep all premiums paid; ◼ where the breach was neither deliberate nor reckless, and but for the breach: ◼ We would not have agreed to the variation on any terms, We may treat this policy as though the variation was never made, but will return any additional premiums paid ◼ We would have agreed to the variation but on different terms (other than premium terms), We may require that the variation includes such different terms with effect from the date it was made, and/or ◼ We would have agreed to the variation but would have increased the premium, or would have increased it by more than We did, or would not have reduced it or would have reduced it by less than We did, Our liability for any loss amount payable shall be limited on a proportionate basis, as outlined in Schedule 1 to the Insurance Act 2015. This condition operates in addition to any provisions relating to underinsurance in this policy.
