insurance fee

Policy payment amount

A fee paid to obtain or maintain insurance coverage.

The term is somewhat redundant, since insurance already involves regular payments called premiums.

Insurance fee typically appears in contexts where insurance is bundled with another service: The rental car company charges a $15 daily insurance fee.

It may also refer to administrative costs associated with setting up a policy.

Opposites
payment direction

insurance feeinsurance payout

Compensation from a policy

settlement · indemnity · reimbursement · insurance settlement · insurance claim

financial protection vs. exposure

insurance feeself-insurance

Assuming risk personally

Family

insurance, insure, insured, insurer, insurers, insuring, uninsured, reinsure, reinsurance

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G