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 Fire Extinguishers?
How often should you check your fire extinguishers? Do you know?
Maximizing Your Daily Life Expenses
Hour by hour, these 11 tips can help cut daily costs and save more money.