If an insurance policy covers individual losses up to $10,000 and has a deductible of $500, the insured will be paid how much in

Question

If an insurance policy covers individual losses up to $10,000 and has a deductible of $500, the insured will be paid how much in the event of a covered loss of $5,000?

a)$10,000
b)$4,500
c)$500
d)$9,500
e)$5,500

Kunduz · Accepted Answer

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