Tom has a homeowner's policy with a 80% coinsurance clause. The full insurable value of his property is $1,000,000. He is only carrying $400,000 in coverage. A fire in the kitchen breaks out (which is a covered peril) and Tom incurs $200,000 in damages. How much will Tom recover from his insurance policy, ignoring any deductibles? $40,000 $160,000 $200,000 $100,000