Average settlement may apply when the Insured's claim is reduced in direct proportion to the under-insurance. This means that if you make a claim and your sums insured are found to be inadequate your claim settlement will be proportionately reduced.
Average settlement will apply if the sum insured is inadequate at the time of the loss
Whilst we are pleased to provide guidance on the basis of cover, we do not accept responsibility for the adequacy of the sums insured or indemnity limits. Where appropriate, we recommend that you consider your agent’s advice or professional valuation services.