Gabriel's home was just struck by a hurricane. He was just ready to list his property on the market with a real estate agent for $700,000 when the damage occurred. Gabriel, was told that his home's replacement cost was $600,000 and he unfortunately only had home insurance replacement cost of $450,000. The hurricane caused $300,000 worth of damage to his home. Gabriel now realizes that he did not purchase sufficient insurance coverage equal to at least 80% of the houses total replacement value. What amount of damages would the insurance company cover?

$284,357

$256,900

$300,000

$240,000

$281,250