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
An Overview of Renter’s Insurance
Don’t overlook the need for renter’s insurance if you rent your home.
Did You Know This Fact About Roof Safety?
A roof harness is essential if you're up on the roof making repairs.
Should You Sell Your Life Insurance Policy?
Here’s what you need to know if you’re considering selling your life insurance policy.