Courtland Incorporated owns a $1 million office building which it insures under a Building and Personal Property Coverage Form (BPP) with an 80 percent coinsurance provision. In an effort to reduce the premium, and assuming that it would never have a total loss, Courtland Incorporated decided to insure the building for $600,000. Ignoring any deductible that may apply, how much would the BPP insurer pay if the building suffered a covered loss of $100,000? Available answer options Select only one option A $100,000 B $60,000 C $75,000 D $80,000