A premium is the cost an insurer sets for the coverage listed in an insurance policy.
A policy number is a unique ID that will attach a specific policy to a named insured.
A policyholder is an individual covered under an insurance policy. Also known as the insured.
An insurance policy is a contract of insurance between the insured and insurer.
The information on this website is not a contract, as it is provided for general information to explain potential types of insurance coverages. Further, descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. Please read actual policy documents for important details on coverages, exclusions, limits, conditions, and terms. If there is any conflict between the summary and/or information on this website versus the policy documents, the policy documents shall control. Please contact an Oklahoma Farm Bureau Mutual Insurance Company (OFBMIC) Agent to learn more about insurance coverages offered by and through OFBMIC.
