Acme is a manufacturer that makes seasonal products and insures its business personal property with a Business and Personal Property Coverage Form (BPP) with a Value Reporting Form. The amount of insurance is $1,000,000 with a $1,000 deductible. Reports are due monthly. Acme suffered a business personal property loss of $500,000 caused by an insured peril, and the prior monthly report made was $400,000. The actual value of business personal property at the time of this report was $400,000. What amount would Acme’s insurer pay for the described loss?