Liberty Quality Home - house and contents insurance
Article 5 - Automatic adjustment
3. Average rule
The value of the insured interest at the time of the accident shall be calculated according to the terms set forth in the Insurance Contract Act 50/1980 and, where necessary, the average condition included in the policy's general conditions shall apply, except where otherwise expressly agreed in the schedule.
At all times, the insurer waivers the application of the average condition when the sum insured at the time of the accident is no less than 85% of the value of the insured interest, providing the latter is included in the automatic adjustment of sums insured.
4. Compensation of sums insured