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 the Claims Process?
Claims can be left open as long as you need.
Did You Know This Fact About Claims Advances?
If a fire forces you out of your home, you can ask for a claim advance.
Forecast
This short video helps explain why markets can be as unpredictable as the weather.