Question

What is an insurance premium?*

A.Your monthly payment to your insurer, regardless of whether you use any services
B.A list of the procedures covered by your insurance carrier
C,An added cost you pay in order to receive higher-quality services
D.The amount you pay out-of-pocket for a specific procedure or service

Answer 1

A

Step-by-step explanation:

In a nutshell, an insurance premium is the payment or installment you agree to pay a company in order to have insurance. You enter into a contract with an insurance company that guarantees payment in case of damage or loss and, for this, you agree to pay them a certain, smaller amount of money