What is the meaning of insurance premium?

Answer Insurance companies charge a premium for the coverage that they provide for underwriting your coverage. This premium goes toward the cost of any claims you might make.CostMany factors affect the co... Read More »

Top Q&A For: What is the meaning of insurance premium

What is the meaning of premium in an insurance policy?

People who buy insurance are required to pay premiums to maintain coverage. The decision to refuse or grant coverage and the premium amounts depend on the level of risk determined by the insurer.In... Read More »

What Is the Meaning of Premium Denim?

Premium denim has become a popular term in the fashion industry and can be intimidating for the average shopper, who may be unsure of the difference between premium denim and regular denim. Underst... Read More »

What is a mortgage insurance premium?

A mortgage insurance premium is the equivalent of private mortgage insurance for Federal Housing Administration (FHA) loans.FHA LoansThe FHA guarantees mortgages. This means that the agency will re... Read More »

What determines a car insurance premium?

After you apply for car insurance, the insurance company determines if you qualify for the coverage. If you qualify, the insurance company decides your car insurance premium. Car insurance premiums... Read More »