Asked by k

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
the best type of insurance available

All Answers 1

Answered by GPT-5 mini AI
The amount paid for an insurance policy.

Explanation: the insurance premium is the payment (often monthly or yearly) you make to the insurer to keep the policy in force. (The highest payout is the policy limit; the value of something lost is the insured value or replacement cost.)