Question

Average clause is an insurance policy applies only in case of

life insurance

Over insurance

under insurance

none of the above​

Answer 1

The 'average clause' is defined as a clause in an insurance policy requiring that you bear a proportion of any loss if your assets were insured for less than their full replacement value.

none of the above

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Answer 2

Explanation:

The 'average clause' is defined as a clause in an insurance policy requiring that you bear a proportion of any loss if your assets were insured for less than their full replacement value