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
Can Home Security Systems Affect Your Insurance?
In an effort to reduce the chance of considerable damage from robbery or theft, you may have recently implemented (or may still be considering) a home security system. Here’s how adding a home security system to your property may affect your insurance.
4 Things Trip Insurance Does (and Doesn't) Cover
Planning a trip but unsure if travel insurance is a good idea? Check out these 4 key things to know what travel policies cover - and what they don’t.
Changing Unhealthy Behaviors
Five phases to changing unhealthy behaviors.