12. How would coinsurance work in this example: We own and insure our owned office building and its replacement value is $1,000,000. We insure the building for $500,000 to save money and because we don't expect a total loss as it is well protected and safe. We suffered a fire loss of $250,000. What would the insurer and policy pay based on the principle of coinsurance in the contract? A. $250,000 less the deductible B. $500,000 less the deductible C. $125,000 less the deductible

12. How would coinsurance work in this example: We own and insure our owned office building and its replacement value is $1,000,000. We insure the building for $500,000 to save money and because we don't expect a total loss as it is well protected and safe. We suffered a fire loss of $250,000. What would the insurer and policy pay based on the principle of coinsurance in the contract? A. $250,000 less the deductible B. $500,000 less the deductible C. $125,000 less the deductible