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
Making Your Tax Bracket Work
Have you explored all your options when it comes to managing your taxable income?
Fallen Tree Damage—Who Pays?
Your liability for damages that occur when a tree on your property falls on your neighbor’s property is not clear cut.
How to File a Wildfire Claim
Here’s what you need to know when filing a wildfire insurance claim.