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
Unexpected Collectors: Protecting Your Passion
Whether you meant to be a collector or not, your prized possessions need to be protected.
Did You Know This Fact About Smoke Detectors?
Do you know how often to change the batteries on your smoke detectors?
If You're In An Accident
Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.