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
If a Pipe Breaks
Learn what to do when a pipe bursts with this helpful video flooded with smart tips.
How Swimming Pools Affect Your Homeowners Policy
When the weather warms up, it’s important to remain up to date when it comes to your insurance coverage—especially if you own a pool.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.