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
Protecting Your Business from the Loss of a Key Person
Business owners may be able to protect themselves from the financial consequences of losing a key employee.
When is Full Coverage Auto Insurance a Must-Have?
Do you need full coverage? Here's a bird's-eye view of this important question.
Real Talk About Insuring Your Kid’s First Car
Learn real-life realities and strategies for insuring your kid’s first car without breaking the bank.