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
Life Insurance Explained
Looking to learn about life insurance? This comprehensive article is a great place to start.
Car Insurance: Understanding Your Coverage Options
Here, we discuss the basics of car insurance coverage, including what’s required by law, what coverage you may want to consider, and the importance of understanding deductibles.
If a Pipe Breaks
Learn what to do when a pipe bursts with this helpful video flooded with smart tips.