<p>This Policy extends to cover amounts representing increase in value in excess of the Sum Insured as stated in the Policy Schedule but such increase not to exceed the percentage stated in the Policy over the existing cover limit for each item of stocks only. &nbsp;It being understood that the Insured undertakes to advise the underwriter of such increase within the period stated in the Policy Schedule from the date of the increase and to pay the additional premium required from the date of inception thereof.</p>

<p>Any increase which remains undeclared after the period stated in the Policy Schedule shall be excluded from the cover under this clause, following endorsement of any additional amount, the provisions of this clause are fully reinstated.</p>
