Answer: $4500
Explanation:
The deductible is the amount that the insured that is, the policy holder will have to pay. In this case, there is a covered loss of $5000 and the insured has a deductible of $500.
Therefore, the amount that the insured will be paid will be the difference between $5000 and the deductible of $500. This will be:
= $5000 - $500
= $4500
