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Janice insured a building valued at $200,000 for $150,000 under a property insurance policy that included an 80 percent coinsurance provision. If a $32,000 insured

Janice insured a building valued at

$200,000

for

$150,000

under a property insurance policy that included an 80 percent coinsurance provision. If a

$32,000

insured loss occurs, how much will Janice collect from her insurer, assuming no deductible?\ A.

$30,000

\ B.

$32,000

\ C. nothing\ D.

$25,000
image text in transcribed
Janice insured a building valued at $200,000 for $150,000 under a property insurance policy that included an 80 percent coinsurance provision. If a $32,000 insured loss occurs, how much will Janice collect from her insurer, assuming no deductible? A. $30,000 B. $32,000 C. nothing D. $25,000

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