Insurance Matrix

Topics: Term life insurance, Insurance, Term Pages: 5 (897 words) Published: April 29, 2013
University of Phoenix Material

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 |Protect the owner of the vehicle against damage, |*State farm offers bodily injury insurancewhich covers |State Farm | | |whether it was their fault or someone elses in an |medical expenses and more. And property damage |AllState | | |accident. |liability which covers the damage of property. |Geico | | | |*All-State offer liability coverage 101 which covers 3 | | | | |different types. Bodliy injury liability coverage, | | | | |property damage liability coverage and property | | | | |protection coverage. | | | | |*Geico offers bodily ijury liability, medical payments,| | | | |uninsured motorists coverage, collision coverage, | | | | |property damage, and rental reimbursement. | | |Home |The function of home insurance is to protect the policy|*Liberty Mutual covers living expenses and liability if|Liberty Mutual | | |holder from sudden and accidental events that may cause|you or someone in your household damages someone elses |Amica | | |property damage and bodily injuries. |property. |Progressive | | | |*Amica Protects your home, your belongings in the home | | | | |and also protects yourself | | | | |*Progressive insurance protects your home, your | | | | |belongings inside the home and also have liability on | | | | |yourself in case you damage someone else property. |...
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