Jackson and April recently purchased a new home. They came to your office to ask several questions about their homeowners policy. Which of the following is true regarding homeowners insurance? a. Most policies cover all possible losses. b. Most policies cover all possessions within the home. c. Jackson and April should probably have an open perils and replacement value for all property covered under the homeowners policy. d. Broad peril coverage means the insurance company covers "all" perils. c a XYZ Company insured its building for $450,000 under a property insurance policy that included an 80 percent coinsurance clause. The building had a replacement cost of $500,000 and actual cash value of $450,000 when it sustained a $50,000 loss: How much will XYZ Company receive from its insurer, assuming no deductible applies? James purchased liability insurance with a $100,000 limit from Insurer A. When Insurer A denied a claim that James thought should be covered, he bought a second liability insurance policy with a $150,000 limit from Insurer B. Before he cancelled the policy with Insurer A, a $60,000 loss occurred. If this loss is settled on a pro rata basis, how much must Insurer B pay