2. Richard owns a commercial office building that he rents to independent companies. The estimated replacement cost of the building is $1,000,000. The building is insured for $600,000 on a replacement cost policy for named perils including fire and windstorm. There is an 80% coinsurance clause in the policy. A windstorm caused $25,000 damage to the roof. Assume that the premium was paid and that the damage occurred during the policy term. The policy has $1,000 deductible. a)How much will the insurer pay for this claim? b) How much would be paid if the building was ured for $800,000