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
Changing Unhealthy Behaviors
Five phases to changing unhealthy behaviors.
When Does Your Personal Car Become a Commercial Vehicle?
At what point can you call a personal vehicle commercial?
Did You Know This Fact About Emergency Preparedness?
An emergency kit is essential for every household.