Premium
« Back to Glossary IndexPremium refers to a fee paid by the insured to the insurer to have the insurer cover the amount of loss. May be paid as a lump sum or over a period of times in installments.
Premium refers to a fee paid by the insured to the insurer to have the insurer cover the amount of loss. May be paid as a lump sum or over a period of times in installments.
