Posts Tagged ‘Automatic Increase Clause’

The indemnity provided under this Policy shall apply automatically to include any increase in Sum Insured in the Schedule but the liability of the Insurer(s) for such increase shall not exceed 10% (ten percent) of the Total Sum Insured on each item. It is understood that the Insured shall advise the Insurer(s) of all such increase in Sum Insured within 30 ... Full story