Paul purchased a house and also purchased fire insurance coverage on the house. The policy contained ...

Paul purchased a house and also purchased fire insurance coverage on the house. The policy contained an 80 percent coinsurance clause. Paul maintained coverage in the amount of 150,000 and the value of the house was 250,000. A fire caused a loss of 100,000. Paul will collect:
 A)the full 100,000, because he had coverage for 150,000.
 B)only part of the 100,000 loss, because he failed to maintain coverage at 80 percent of the value of the house.
 C)nothing, because he failed to maintain coverage at 80 percent of the value of the house.
 D)80 percent of 250,000, or 200,000.