Definition noun

Additional premium is an additional payment required of a mortgagor for the privilege of paying the principal in advance, thereby stopping the accumulation of interest. The term is also used to design [..]

An extra premium incurred by the insured person as a result of a policy amendment. The amendment may have increased the risk, the policy conditions or the value of the vehicle insured by the policy.

A further premium payable by the insured as a result of policy amendment, that may have increased the risk or changed the policy conditions or sum insured.

A further premium payable by the insured as a result of policy amendment, that may have increased the risk or changed the policy conditions or sum insured.

An extra charge for an alteration, during the policy period, which increases the hazard or the company’s liability.

Additional Premium is the extra amount of money paid by the insured, either because of profession or health condition. Professional additional premiums are determined in accordance to the specific cha [..]

A further premium payable by the insured as a result of a policy update or amendment, that may increased the risk exposure or and in turn change the policy conditions sum insured.

An extra charge for an alteration, during the policy period, which increases the hazard or the Company's liability.

A further premium payable by the insured as a result of a policy Endorsement (or Mid Term Adjustment) that may have increased the risk or amended the policy conditions or Sum Insured.

An extra charge for an alteration, during the policy period, which increases the hazard or the Company's liability.

When endorsements are added to a policy, there is almost always an additional premium (cost) charged. See Premium.

An extra charge for an alteration, during the policy period, which increases the hazard or the Company's liability.