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
What Happens If Someone Gets Hurt at Your Home?
At-home injuries can be a major liability problem. Learn how Personal Liability protects you from trouble.
What is a Dwelling Fire Policy?
Do you know what a Dwelling Fire Policy is?
What is a Carrier?
Do you know what a Carrier is?