Common use of INSURANCE CLAUSE Clause in Contracts

INSURANCE CLAUSE. In respect of any valid claim for loss or damage to the property at the Premises, caused by theft or attempted theft, You shall bear the percentage amount in respect of each and every claim as stated in the Schedule alongside this endorsement number, or the minimum amount stated, whichever is the greater, as ascertained after the application of all the terms of the Certificate including any condition of average. It is warranted that You shall not effect insurance in respect of these amounts stated in the