Does insurance premium mean monthly

Wiki User

∙ 2010-02-22 01:23:26

Best Answer

No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.

Wiki User

∙ 2010-02-22 01:23:26

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Q: Does insurance premium mean monthly

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What does insurance monthly premium means?

This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.

What does insurance premium mean?

The premium is the cost that you must pay to have the insurance.

What does ceded insurance premium mean?

What does ceded premium mean

What is the monthly premium for freeway insurance?

The monthly premium for freeway insurance varies greatly for this to be answered. As in other auto insurance quotes would vary on the amount if any accidents or tickets you have had. Your age would also be a factor.

Which term is defined as the payment an insured makes to the insurance company on a regular schedual?

that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).

Can you get part of monthly life insurance premium refunded if cancelled mid month?

How much does home building insurance usually cost?

There are numerous policies you can buy for home building insurance. So depending on the structure itself you may need a more basic policy which will give you a less premium and monthly cost or a more detailed which will then mean a higher premium and monthly cost.

What is a premium for auto insurance?

Your premium is pretty much your monthly bill, after deciding what type of deductible you plan on choosing. The higher deductible the lower your premium will be.

When does an auto insurance policy lapse?

When you don't pay your monthly premium or you don't renew.

What is Definition of flexible premium life insurance?

should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over

Does the money you pay monthly on car insurance go toward your premium?

That is what you are paying monthly is your insurance premiums. You have a choice of payment plans that are best for you. You can pay it once a year or one a month.

What is a monthly premium?

the amount which the requried to contunue the insurence on monthly basic is monthly premium(s.s.s)