Tracy,

Coinsurance is a tough concept. You have to work coinsurance questions by following these steps– in this order:

1. Multiply the value of the property X the coinsurance percent
   (usually 80%)
2. Divide the amount of insurance currently on the property by the
   answer from #1
3. Multiply the answer from #2 by the amount of the loss

You must do the math in this order to get the correct answer.  Give it a try and let me know.

Jan