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

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

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

Answer

Brief Explanations:

An insurance premium is the amount that a policy - holder pays to an insurance company for an insurance policy. It is not related to the value of loss/damage, highest payout, or the best type of insurance.

Answer:

the amount paid for an insurance policy