Your business owns a building with a replacement cost of $200,000 and is covered by property insurance. The insurance policy covering this building has an 80% coinsurance clause written into the contract. The amount of insurance (policy limit) you purchased on this building is $120,000. If there were a $100,000 loss to the building due to a covered peril, what would be the amount of reimbursement you would receive from the insurance company due to this loss? (Assume that no deductible applies.) Your business owns a building with a replacement cost of $200,000 and is covered by property insurance. The insurance policy covering this building has an 80% coinsurance clause written into the contract. The amount of insurance (policy limit) you purchased on this building is $120,000. If there were a $100,000 loss to the building due to a covered peril, what would be the amount of reimbursement you would receive from the insurance company due to this loss?