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
A Guide to Insuring Valuables In Your Home
Your homeowners policy may not cover certain types of valuables. Here's what you can do to stay covered.
What is the Value of Your Business?
Ascertaining the value of your business is important for a variety of reasons.
Buying Auto Insurance For Teen Drivers
Tips on insuring your teen driver.