Appendix_F week 7 - 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 provides property, liability and medical coverage for six months to a year: Property coverage pays for damage to or theft of your car. Liability coverage pays for your legal responsibility to others for bodily injury or property damage. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes-lost wages and funeral expenses. Nationwide State Farm Allstate Progressive Safe Auto Find the company’s financial rating. How the company’s reputation for paying claims rank. The length of time the company has been in business. Does the company provide loss prevention services? Can the company offer multiple- year policies? Home Home insurance policies provide a combination of property and liability coverage and covers loss of use resulting from damage. Home policies automatically cover household contents furniture, clothes, appliances, etc. Liberty Mutual
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Appendix_F week 7 - Axia College Material Appendix F...

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