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
Understanding Homeowners Insurance
Purchasing homeowners insurance is critical for protecting your home.
Errors and Omissions Insurance
E&O insurance is specifically designed to protect you, or your company, from the risk of a client’s dissatisfaction.
How to File a Wildfire Claim
If your home or business has experienced devastation due to wildfires, here’s what you need to know about filing an insurance claim.