The insurer may also agree to issue a "valued policy' on individual objects, such as antiques, paintings or jewellery, which provides coverage on a valued basis. all of the following statements regarding this type of policy are correct, except one.
a) both the insurer and the insured agree on the value of the property insured at the time the policy is issued
b) this value is stated on the policy as the amount insured
c) after a loss the value of the property must be verified by an independent appraiser
d) the insurer usually requires that the value be determined by a qualified appraiser before issuing the policy
