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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

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Insurance premium is: the amount paid for an insurance policy.

What is insurance premium?

Insurance premium  can be defined as the money that a person  paid to an insurance company for insurance coverage incase of unforeseen or unexpected circumstance.

Example of insurance coverage are:

  • Theft
  • Accident
  • Fire etc.

Therefore the correct option is C.

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Answer:

C

Explanation:

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