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
Accidents
Accidents happen to everyone. We're here to help.
Unexpected Collectors: Protecting Your Passion
Whether you meant to be a collector or not, your prized possessions need to be protected.
What is Risk?
Do you know what Risk is?