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
Consider These 3 Things Before Driving Off the Lot
Here are 3 quick tips to keep in mind when buying or leasing your next vehicle.
What is a Dwelling Fire Policy?
Do you know what a Dwelling Fire Policy is?
Did You Know This Fact About Claims Advances?
If a fire forces you out of your home, you can ask for a claim advance.