Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

An insurance premium is:

A. a discounted rate an insured person gets to pay for a service.
B. a monthly payment that ensures insurance coverage for a person.
C. an estimate of the amount of money a person can save on insurance.
D. a limit on the amount of insurance money a person can claim.

Sagot :

GinnyAnswer

Final answer:

An insurance premium is a regular payment made by a policyholder to an insurance company for coverage.


Explanation:

Insurance premium is the amount that a policyholder pays to an insurance company in exchange for coverage. It is a regular payment that helps spread the financial risk across a pool of individuals. The premium, along with deductibles and co-payments, is essential in health insurance to ensure coverage and manage costs.


Learn more about Insurance premium here:

https://brainly.com/question/13724529


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.