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What is meant by the term "premium"?

Your premium is the amount of money an insurance company charges for insurance coverage. Your premium can be paid as a lump sum or, more commonly, in installments during the duration of the policy.

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Disclaimer

Servus Insurance Services | Home and Auto ("SISHA") is a tradename for belairdirect Agency Inc., used under license, and is not a subsidiary of Servus Credit Union. This is not a solicitation by Servus Credit Union. Home and auto insurance is underwritten by Belair Insurance Company Inc. Services provided by belairdirect Agency Inc. ®belairdirect is a registered trademark of Belair Insurance Company used under licence.