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
The Wild West of Data Theft
Learn about cyber liability insurance in this entertaining video.
Did You Know This Fact About Basement Flooding?
A simple precaution can help prevent basement flooding.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.