Naomi Owned an Inventory of Widgets Worth $100 000

Multiple Choice

Naomi owned an inventory of widgets worth $100 000.She purchased $40 000 worth of property insurance from Huron Insurance Co.That policy contained a co-insurance clause that required at least 80 percent coverage.A flood caused extensive damage to Naomi's widgets.Naomi will be entitled to receive a benefit of $20 000 if the flood caused damage worth

A) $20 000.
B) $30 000.
C) $40 000.
D) $60 000.
E) $80 000.