If the Value of the Property Is $500,000, the Coinsurance

Multiple Choice

If the value of the property is $500,000, the coinsurance percentage for the property is 80%, the limit of insurance for the property is $250,000, and the deductible is $3500.Calculate the amount paid by the insurer if the amount of loss of property is $90,000.

A) $90,000
B) $52,750
C) $56,250
D) $250,000
E) $86,500