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
From Boats to Brokers
From the Dutch East India Company to Wall Street, the stock market has a long and storied history.
What Is My Current Cash Flow?
Assess whether you are running “in the black” or “in the red” each month.
Flood Insurance: What Homeowners Need to Know
Even if you’re not living in a “high-risk” area, here’s why you may want to consider flood insurance to protect your home or business.