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.
What is a Premium?
Have A Question About This Topic?
Related Contents
If a Tree Falls
This handy video helps you stay prepared in case a fallen tree has damaged your house.
When Does Your Personal Car Become a Commercial Vehicle?
At what point can you call a personal vehicle commercial?
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.