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
An Overview of Renter’s Insurance
Don’t overlook the need for renter’s insurance if you rent your home.
A Bucket Plan to Go with Your Bucket List
A bucket plan can help you be better prepared for a comfortable retirement.
How Long Can Your Business Stay Out of Business?
No business wants to flip that “Closed” sign for long, but there’s coverage for that.