Tom has a homeowner's policy with an 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 $320,000 in damages. How much will Tom recover from his insurance policy, ignoring any deductibles? $256,000 $160,000 $128,000 $100,000