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
3 Things to Do Before You Start a Home Business
Thinking about starting a home business? Learn what to do before your front door says “Open.”
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 Flood Damage?
Prevent major flood damage with this tip.