George has a windstorm loss with a replacement value of $1,500 to his building. He does not carry replacement cost coverage on his BPP policy. He files a claim with his insurer for the $1,500. What action would the claims department take? As long as his coverage met the coinsurance amount under his policy they would pay him the $1,500 without deduction for depreciation They would pay the $1,500 minus the amount of depreciation (ACV) O They would pay the replacement cost but only if he actually replaced the item O They would not pay the claim at all since George doesnt have replacement cost coverage