Liberty Commercial Premises insurance (Castellano)
4. Compensation of capitals
It is expressly agreed that, should there exist, at the time of the loss, a surplus in the insured sum for building or contents, said surplus will be applied to whichever heading might be insufficiently insured, provided that the total premium obtained upon applying the respective rates to the new distribution of insured sums does not exceed that paid by the insurance policyholder for the annuity underway.
Once the respective insured sums have been thus established, the normal liquidation of the loss shall be proceeded to, in accordance with the terms of the policy's general conditions.
This compensation shall only apply to property corresponding to a single risk situation.