what is an insurance premium?\n○ the value of something lost or damaged\n○ the highest payout available by…

what is an insurance premium?\n○ the value of something lost or damaged\n○ the highest payout available by an insurer\n○ the amount paid for an insurance policy\n○ the best type of insurance available

what is an insurance premium?\n○ the value of something lost or damaged\n○ the highest payout available by an insurer\n○ the amount paid for an insurance policy\n○ 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 the value of loss, highest payout, or best type of insurance.

Answer:

the amount paid for an insurance policy