Ted owns a home with a FMV of $800K, with a land value of $150K. The home has a replacement cost of $700K, and he carries a homeowners policy with a replacement cost of $500K, a coinsurance provision of 80%, and a deductible of $1,000. He recently had a kitchen fire that resulted in a loss of $20K. How much will she be reimbursed from the insurance company for the loss? $20,000 $16,857 $19,000 $13,750