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
4 Tips to Avoid an Insurance Claim This Winter
As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.
How Insurance Deductibles Work
Knowing how insurance deductibles work can help you save money and give you peace of mind.
How to File a Wildfire Claim
If your home or business has experienced devastation due to wildfires, here’s what you need to know about filing an insurance claim.