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What is an insurance premium and how does it work?

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What is an insurance premium and how does it work?

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What is an insurance premium and how does it work?

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The correct answer is: Definition and Examples of an Insurance Premium Everyone knows insurance costs money, but one term that may be new when you first start buying insurance is "premium." Typically, the premium is the amount paid by a person (or a business) for policies that provide auto, home, healthcare, or life insurance coverage.

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