Appraisement Value Clause

If the aggregate claim for anyone loss does not exceed 5 (five) per cent of the sum insured by the item or items affected (whichever may be the less) no special inventory or appraisement of the undamaged property shall be required.
If two or more buildings be included in a single item, this provision shall apply to the range of buildings insured by this item.
For the purpose of this clause, the term “item” shall be held to the total sum insured on buildings and/or contents by the items affected.