A tornado ripped through town and completely destroyed Vickie's home. She had standard homeowner's policy with a replacement cost of $300K and a coinsurance provision of 80%, with a deductible of $1,000. All of the following are true EXCEPT: The deductible is waived when the home is totally destroyed Fair market value (FMV) can be used when there is complete destruction of a home Even though Vickie had an 80% coinsurance provision, she will receive 100% of the claim when the home is totally destroyed Because Vickie had an 80% coinsurance provision, she will receive 80% of the claim even though the home was totally destroyed