Appendix_F - Axia College Material Appendix F Insurance...

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Axia College Material Appendix F Insurance Matrix Type of Insurance Functions Example of Company Coverage Characteristics Auto The function of auto insurance is to protect the driver and the public from accidents involving a motor vehicle. The policy is designed to pay out to property as well as medical expenses. Full coverage insurance will protect any driver that gets behind the wheel of the vehicle that is insured and will cover any accident regardless if it is your fault or not. Allstate Insurance company, State Farm Insurance First Party Coverage This type of coverage secures the damage caused to the insured car by a loss which is not due to the accident; such as fire, larceny, and damage because of weather. When the case is of a collision, it covers the loss incurred and renders a 24-hour towing coverage in a situation of a mechanical snag. If the insured automobile is not fit to be driven on the road for some reason or the other, this coverage also provides a limited reimbursement for a car rental. Home Homeowners insurance generally protects against property and liability risks. Travelers Insurance Company, Nationwide Insurance Company. Homeowners insurance covers the
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This note was uploaded on 07/21/2011 for the course ETH 125 taught by Professor Jameshenderson during the Spring '09 term at University of Phoenix.

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Appendix_F - Axia College Material Appendix F Insurance...

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