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What is the definition of insurance premium?

In: Insurance, Medical Insurance [Edit categories]

Answer:

The price or cost of the coverage purchased.

First answer by Lornagreenwood. Last edit by Lornagreenwood. Contributor trust: 41 [recommend contributor ]. Question popularity: 2 [recommend question].

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What is the definition of insurance?
Main Entry: 1in·sur·ance Pronunciation: \in-ˈshu̇r-ən(t)s also ˈin-ˌ\ Function: noun Date: 1651 1 a: the business of insuring persons or property b: coverage by contract whereby one...
How do you get insurance premium?
I need your question too be a little more in depth. Are you asking how insurance companies come up with the rate they charge.
What is Medical Insurance Premiums?
The price one would pay for Health Insurance.
What are premium rates for motorcycle insurance?
Too many variables, call and ask your agent!
Why did your health insurance premiums increase?
It could be that they audited your medical records and found something that would not correlate with their opinion of what a person in good health should be. It could also be the fall in our economy...