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 Parking in a Garage?
Save money by parking your car in your garage.
Accidents
Accidents happen to everyone. We're here to help.
How Swimming Pools Affect Your Homeowners Policy
When the weather warms up, it’s important to remain up to date when it comes to your insurance coverage—especially if you own a pool.