Deb takes out a fire insurance policy with Eagle Insurance Company on her $200,000 warehouse. The policy contains a coinsurance with a specified percentage of 80 percent. Deb insurances the property for $160,000. In a fire, she suffers a $100,000 loss. She can recover
a. $200,000
b. $160,000
c. $100,000
d. $80,000
Answer: C
Business Law
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