If the total value at risk exceeds the limit of liability provided by this insurance, the Assured shall nevertheless report the full amount at risk to the Insurer(s) and shall pay full premium thereon, in consideration of which, the principle of coinsurance is waived by the Insurer(s). Acceptance of such reports and premium by the Insurer(s), shall not alter, or increase the limit of liability of Insurer(s), but Insurer(s) shall be liable for the full amount of covered loss, up to, but not exceeding, the applicable limit of liability.
Privilege is granted to the Assured to insure in foreign currencies, losses to be payable in the same funds.