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 the premium of an insurance policy?

When you have insurance, premiums must be paid for the coverage you receive. Insurance premiums can be paid for homeowner's, auto, life and health insurance. Insurance premiums allow you to transf... Read More »

Is health insurance a premium tax?

The money you pay for health insurance is not a premium tax. An insurance premium tax is assessed by the government at the state level to insurance companies for the right to sell health insurance ... Read More »