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
Budget Check Up: Tax Time Is the Right Time
Tax preparation may be the perfect time to give the household budget a check-up.
Did You Know This Fact About Fire Extinguishers?
How often should you check your fire extinguishers? Do you know?
Why Do You Need Auto Liability Insurance?
What is Auto Liability? Discover how important this coverage really is.