13. Your house has a market value of $350,000, the foundation and lot are worth $50,000. You buy a homeowners policy with $150,000 of dwelling protection and an 80% coinsurance clause. If you have a fire which causes $35,000 of damage at replacement cost. What amount will the insurance pay if you have a 1% deductible. $26,500 $20,375 $28,000 $20,938