The Shipps bought an insurance policy on their house with limits of $$110,000\mathrm{.}00.$ Their home sustained extensive wind damage a few years later. The damage was valued at $$40,000\mathrm{.}00.$ At that time their house was estimated to have a replacement value of $$160,000\mathrm{.}00.$ Their policy had a co$-$insurance clause that required that they have coverage for $80$ percent of the replacement value. What would their insurance settlement be$?$