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Question 3 (1 point) A building owned by X Company is insured for $100,000 but the insurance contract contains an 80% co-insurance clause. The building

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Question 3 (1 point) A building owned by X Company is insured for $100,000 but the insurance contract contains an 80% co-insurance clause. The building is damaged by fire to the amount of $20,000. The value of the insured property is $250,000. The insurance company will then pay $10,000. $8,000. $20,000. $5,000 $15,000

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