What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
Dog Bites and Homeowners Insurance
Reviewing coverage options is just one thing responsible pet parents can do to help look out for their dogs.
Unexpected Collectors: Protecting Your Passion
Whether you meant to be a collector or not, your prized possessions need to be protected.
What is a Claim?
Do you know what a Claim is?