Matrix

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University of Phoenix Material

Appendix F: Insurance Matrix

Directions – Matrix

For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance.

Type of Insurance | Functions | Coverage Characteristics | Companies That Offer It |

Auto | 1. To comply with state laws for operation of a vehicle on public roadways and 2. To protect you from the possible financial fallout of a major accident that you cause.3. The policy is designed to pay for damage to property as well as medical expenses of injured parties. | Liability Coverage: Liability Coverage pays damages due to bodily injury and property damages to others for which you are responsible. If you're sued, it also pays your defense and court costs. Medical expenses, pain and suffering, and lost wages are some examples of what Liability Bodily Injury may cover. Liability Property Damage covers damage to property and loss of its use.Collision Coverage: It's only a fender-bender, but the cost of the headlight, a new bumper, and a paint job can add up quickly. Collision Coverage will pay for damage to a covered vehicle caused by the following, subject to a deductible: Collision with another vehicle, collision with an object, a vehicle rolloverUnderinsured/Uninsured Motorist Coverage: helps protect you from drivers with little or no insurance. It also can help cover injuries to you or your passenger as well as repairs and expenses to your damaged car. | State FarmAllstate ProgressiveGeicoAAA |

Home | Insurance coverage defends the homeowner against responsibility as well properly damage of house. | Protect or decrease the sum of damage from thing like fire, deluge might also decrease the sum. | AAAState Farm Liberty MutualMetlife |

Health | provisions for:Routine care Emergency medical assistanceChronic condition treatment Pharmaceutical care | Individual...