Claims & Insurance
Premium
What the policyholder pays the insurer for coverage, usually monthly or annually. Contractors should not quote it or adjust a scope to fit it, because the premium reflects the policy's limits and deductible, and the loss is priced from the damage.
Common questions
What does "Premium" mean in Xactimate estimating?
What the policyholder pays the insurer for coverage, usually monthly or annually. Contractors should not quote it or adjust a scope to fit it, because the premium reflects the policy's limits and deductible, and the loss is priced from the damage.
Where does "Premium" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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