Insurance Terms

Premium

The amount of money paid to an insurance company for coverage, typically on a monthly or annual basis.

In Personal Injury Cases

Your insurance premiums may increase after an accident, even if you weren't at fault. This is a factor to consider when deciding whether to file certain types of claims.

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Related Legal Terms

Deductible

The amount of money you must pay out-of-pocket before your insurance coverage begins to pay.

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