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Allen Company purchased a storage building for finished goods. They insured the building for $300,000 under a property insurance policy that included an 80 percent coinsurance clause and a $500 deductible. When the building was valued at $400,000, a windstorm caused $48,000 in damage to the building. Assuming “wind” is a covered peril, how much will Allen Company receive from their insurer to settle this claim?