Which of the Following Statements Is (Are)true Concerning the Value

Which of the following statements is (are) true concerning the value reporting form?
I.Failure to report accurately suspends coverage.
II.If the insured underreports the property values at a location,and a loss occurs at that location,recovery is limited to the proportion that the last value reported bears to the value that should have been reported.

A) I only
B) II only
C) both I and II
D) neither I nor II