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11. Premises Number 5 Building Number 1 Occupancy: Tenant Occupied Convenience Store - Location: 1625 Stantonsburg Rd. Greenville, NC - Building Replacement Cost: $100,000 Personal

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11. Premises Number 5 Building Number 1 Occupancy: Tenant Occupied Convenience Store - Location: 1625 Stantonsburg Rd. Greenville, NC - Building Replacement Cost: $100,000 Personal Property Replacement Costs: none - Limit of Insurance o Building: $40,000 o Personal Property: nil Coinsurance 80% Deductible $1,000 Lightning hits the building and causes a fire, and totally destroys the building, doing $100,000 damage. How much will the Insurance Company pay? A. $80,000 B. $40,000 c. $79,000 D. $39,000

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