what is an insurance premium?\no the value of something lost or damaged\no the highest payout available by…

what is an insurance premium?\no the value of something lost or damaged\no the highest payout available by an insurer\no the amount paid for an insurance policy\no the best type of insurance available

what is an insurance premium?\no the value of something lost or damaged\no the highest payout available by an insurer\no the amount paid for an insurance policy\no the best type of insurance available

Answer

Brief Explanations:

An insurance premium is the regular payment made by a policy - holder to an insurance company for an insurance policy. It is not related to the value of loss, highest payout, or best type of insurance.

Answer:

the amount paid for an insurance policy