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Nelson owns a home with a replacement cost of $300,000. A tree falls on Nelsons house, causing $100,000 in damage. Nelson has a policy with

Nelson owns a home with a replacement cost of $300,000. A tree falls on Nelsons house, causing $100,000 in damage. Nelson has a policy with an 80% coinsurance amount and a $500 deductible. If Nelson has $200,000 of coverage on the home, what amount will the insurance company pay?

$83,333

$66,667

$81,533

$82,833

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