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
Did You Know This Fact About Flushing the Toilet?
Did you know you can still flush the toilet, even if your well pump is stopped.
To Catch a Thief
Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.
Did You Know This Fact About Foggy Conditions?
Foggy conditions make driving more hazardous, but high beams aren't the answer.