Insurance premium


 

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Insurance premium

The amount payable by the insured in return for indemnification against specified risks.

Insurance premium

Payments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy.



Insurance premium

Similar Matches

Named perils insurance

Named perils insurance

An insurance policy that names specific risks covered by the policy.


Third party insurance

Third party insurance

Insurance which covers against liability which the insured may incur to another person. Every driver in the UK has to be covered for third party motor insurance. If the you damage someone else's car, or injure someone, your third party insurance will pay for any damages you have to pay to the third party, but you will only be able to claim for damage to your own car if you have 'comprehensive' insurance.


Insurance claim

Insurance claim

A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy.


Stock insurance company

Stock insurance company

An insurance company owned by a group of stockholders, who are not necessarily policyholders.


Health insurance

Health insurance

Generic term for insurance covering costs incurred due to illness, injury and disability.


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