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
Protecting Your Home Against Flood Loss
Protect yourself against the damage that your homeowners policy doesn’t cover.
Little-Known Homeowners Insurance Facts
Many homeowners are unaware of how much their policy may cover. This article can help you maximize your homeowners insurance.
Did You Know This Fact About Dryer Lint?
Dryer lint is extremely flammable, and should be cleaned regularly