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 Sense Of A Home Warranty
Understanding the value of a home warranty.
8 Common Insurance Mistakes to Avoid
Having at least a basic insurance plan is essential for anyone. It's important to figure out what insurance plans you need and what works best for you and your family.
To Buy or Not to Buy
The decision whether to buy or rent a home may have long-term implications.