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.
Did You Know This Fact About Flushing the Toilet?
Did you know you can still flush the toilet, even if your well pump is stopped.
Insuring Your Second Home
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.