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What is payment for insurance?

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Anonymous

17y ago
Updated: 8/16/2019

Payment of insurance is nothing but the premium paid towards the insurance policy. The premium amount includes the charge of coverage per unit (for example, the charge of coverage for $1000 might be $10. So, to have an insurance coverage for $10,000 the charge of coverage would be $100) plus the expenses incurred by the insurance company for the policy.

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Wiki User

17y ago

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