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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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