# Marine Insurance Act 1906, Section 81: Effect of under insurance.


Where the assured is insured for an amount less than the insurable value or, in the case of a valued policy, for an amount less than the policy valuation, he is deemed to be his own insurer in respect of the uninsured balance.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/6/41/section/81 (the official version)
Page: https://openlegislation.uk/marine-insurance-act-1906/section-81
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.