Insurance Matrix - Axia College Material Appendix F...

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Axia College Material Appendix F Insurance Matrix Type of Insurance Functions Example of Company Coverage Characteristics Auto Auto insurance protects the policy- holder from financial loss in the event of an accident or otherwise caused damage to the car. Also, auto insurance covers the policy- holder for liability and medical payments. One can also choose uninsured and underinsured motorist coverage, as well as rental car reimbursement in the even their covered vehicle is out of commission for a while. AAA Auto Insurance AIS Insurance Farmers Insurance Group Allstate Liability insurance provides coverage to the named insured and others who are identified by name or by relationship to the named insured in the policy for negligent acts or omissions while operating the insured vehicle. Stated otherwise, if a covered person is legally liable for causing damage to another in the operation of the insured car, the insurer will pay those damages. Because the damages are payable to a third party, liability insurance is often referred to as "third-party
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Insurance Matrix - Axia College Material Appendix F...

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