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
How to Appeal Your Property Taxes
For homeowners who think their property taxes are too high, there are ways to appeal.
5 Times When an Annuity Might Be Right For You
Dive in deep to learn about the various types of annuities, how they work, and when they might be right for you.
A Guide to Insuring Valuables In Your Home
Your homeowners policy may not cover certain types of valuables. Here's what you can do to stay covered.