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13. Greenville Hammocks, LLC has five buildings and coverage is written on a blanket basis for both Buildings and Personal Property. There is a fire

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13. Greenville Hammocks, LLC has five buildings and coverage is written on a blanket basis for both Buildings and Personal Property. There is a fire in the Cordage Building causing a total loss. The cordage building is listed on the Statement of Values at $300,000 and the contents at $50,000. The adjuster determines the 90% coinsurance requirement is met and the replacement cost for the building is $500,000 and the replacement cost of the Personal Property is 350,000. There is a $5,000 deductible. How much will the insurance company pay? A. $845,000 B. $345,000 C. $740,000 D. $840,000

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