Calculate the Building, Contents, and Total Property Insurance Premium for the Following

question 145

Short Answer

Calculate the building, contents, and total property insurance premium for the following policy. $\begin{array}{lllllll}\text { Area } & \text { Structural } & \text { Building } & \text { Building } & \text { Contents } & \text { Contents } & \text { Total } \\\text { Rating } & \text { Class } & \text { Value } & \text { Premium } & \text { Value } & \text { Premium } & \text { Premium }\\\hline1&\text {A}&\$125,000&&\$50,000&&\end{array}$

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Definitions:

Rods and Cones

Photoreceptor cells in the retina of the eye responsible for vision; rods detect light intensity and are crucial for night vision, while cones are responsible for color vision and visual acuity.

Feature Detectors

Neurons in the brain that identify specific features of a stimulus, such as edges, lines, or movements, enabling the recognition of patterns and objects.

Visual Processing

The interpretation of visual information by the brain from input received through the eyes, involved in recognizing, analyzing, and making sense of visual stimuli.

Accommodation

In cognitive psychology, it refers to adapting one's mental structures to incorporate new information, distinct from simple assimilation.