What Does Deposit Premium Mean?

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What does Deposit Premium mean? Read on to discover the definition & meaning of the term Deposit Premium - to help you better understand the language used in insurance policies.

Deposit Premium

Deposit Premium

Premium paid at the beginning of the policy period that is based on an estimate of what the final premium will be; this premium is adjusted based on reports submitted by the insured to the insurer; also called an estimated premium.

We hope the you have a better understanding of the meaning of Deposit Premium.

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