Answer:
He will receive $21093.75 only.
Explanation:
Given,
Cost of house is $180,000
Also, coinsurance clause of house is 75% ,it means house is not fully insured.
Amount the owner insured for the property = $101,250.
Amount he lost in damage = $50,000
(loss)[(limit of insurance) ÷ (ACV × Coinsurance %)]= Loss Settlement
Amount he will receive from insurance is given by
So, he will receive $21093.75 only.