Insurance Coverage Types Acronyms
Images. Some subtypes have five tiers of coverage. Pab stands for personal accident benefits (insurance coverage).
We'll get that figured out right here.property coverage: Insurance companies use the term coverage to mean the rupee amount of in. Making the right auto insurance decision.
And if the accident / insurance event occurs, the insurance company will bear all or all of the costs in full or in part.
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. There are five home insurance coverage types, including dwelling, personal property, and liability. Pab stands for personal accident benefits (insurance coverage). Many types of car insurance coverage's are there which include personal injuries, medical coverage, collision etc.