Finance Matrix

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                       |Auto Insurance defends your vehicle against             |Nationwide, GEICO, State Farm, Progressive, Allstate,   |Auto Insurance assists you in paying for damages to     |
|                           |responsibility and property dangers.                   |AAA                                                     |your own vehicle and to the other person’s. This also   |
|                           |                                                       |                                                       |makes sure personal injuries that happened in an       |
|                           |                                                       |                                                       |accident or collision are insured. It reduces the       |
|                           |                                                       |                                                       |responsibility for asset dangers, as well.             |
|Home                       |This kind of insurance coverage defends against         |AAA, State Farm, Liberty Mutual, Geico, Nationwide,     |Assists to protect or decrease the sum of damage from   |
|                           |responsibility as well as property dangers of a home.   |Progressive, Allstate                                   |things like fire, burglary, or floods, Decreases the   |
|                           |                                                       |                                                       |sum... [continues]

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