Regular Business, Inc. (RBI), obtains a fire insurance policy from Statistical Insurance Company on a $400,000 warehouse. The policy includes an 80-percent coinsurance clause. RBI insures the property for $320,000. In a fire, the warehouse suffers $200,000 in damage. RBI can recover
A. $400,000.
B. $320,000.
C. $200,000.
D. $80,000.
Answer: C
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