juliehart329 juliehart329

26-05-2024
Business

Answered

3
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70
What is an insurance premium?
the value of something lost or damaged
the highest payout available by an insurer
the amount paid for an insurance policy
O the best type of insurance available
TIME REMAININ
01:55:30

Answer :

GinnyAnswer GinnyAnswer

26-05-2024

Final answer:

An insurance premium is a regular payment made by a policy-holder to purchase insurance coverage.

Explanation:

Insurance premium is the amount a policy-holder pays to purchase insurance coverage. It is a regular payment made to the insurance company to protect against financial losses. Premiums are priced based on the probability of specific events occurring among a group of insured individuals.

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