2. Harold owns a building valued at $400,000. He purchased $280,000 in property insurance on the building and the property insurance contract includes an 80% coinsurance clause a) If an $80,000 covered loss occurs, how much will Harold collect from his insurer? b) If a $340,000 covered loss occurs, how much will Harold collect from his insurer? c) How would your answers to part a) and Bo change if, instead of $280,000, insured the building for $320,000