Question: The Value Reporting Form can be used in conjunction with the Building and Personal Property Coverage Form (BPP). Which one of the following statements best

The Value Reporting Form can be used in conjunction with the Building and Personal Property Coverage Form (BPP). Which one of the following statements best describes the Value Reporting Form?

A The form allows only monthly reporting of property values.

B The purpose of the form is to automatically adjust the limit of insurance to cover fluctuating inventory values.

C The form is void if property values at the time of a loss are greater than those last reported to the insurer.

D The purpose of the form is to avoid the costs of underinsurance or over insurance on fluctuating inventory values during the policy period.

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