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
Your DNA Test
A Detailed Needs Analysis (DNA) can be a simple way to care for loved ones, no matter what the future may hold.
Why Do You Need Auto Liability Insurance?
What is Auto Liability? Discover how important this coverage really is.
What is Blanket Coverage?
Do you know what Blanket Coverage is?