The insurable value of the subject matter insured shall be agreed upon between the insurer and the insured.
第二百一十九条保险标的的保险价值由保险人与被保险人约定。
Where no insurable value has been agreed upon between the insurer and the insured, the insurable value shall be calculated as follows.
保险人与被保险人未约定保险价值的，保险价值依照下列规定计算。
A valued policy is a policy which specifies the agreed value of the subject matter insured.
定值保险单指载明保险标的的约定价值的保险单。
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