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 What is the meaning of premium in an insurance policy?

Answer 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 »
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Top Q&A For: What is the meaning of premium in an insurance ...

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 »
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What is the return of premium in an insurance policy?

Return-of-premium was conceived by insurance companies as a way to sell more policies. The idea was that people resent paying for something that they may never use. So if the insurance companies of... Read More »
http://www.answerbag.com/q_view/1969389

What is the meaning of insurance premium?

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 »
http://www.answerbag.com/q_view/1965832

What is a waiver of premium provision on an insurance policy?

A waiver of premium provision on an insurance policy is an added clause that allow the insured to retain the coverage provided in the policy without having to make any additional payments if they b... Read More »
http://www.answerbag.com/q_view/2243391


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