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
A Guide to Insuring Valuables In Your Home
Your homeowners policy may not cover certain types of valuables. Here's what you can do to stay covered.
4 Tips for Adding Your Teen to Your Car Insurance
If your teen is approaching driving age, you may be preparing to add them to your car insurance. It’s important to be aware of these four things before you do so.
Did You Know This Fact About Parking in a Garage?
Save money by parking your car in your garage.