Week 7 Assignment FP101 - Axia College Material Appendix F...

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Appendix F Insurance Matrix Type of Insurance Functions Example of Company Coverage Characteristics Auto Covers you in the case of an accident. Allstate Insurance Liability Insurance (in the case of an accident you are covered if you hit another car. Covers the other driver’s car damage and bodily injury coverage) Full Coverage (in the case of an accident your automobile is covered, along with property damage) Home Provides coverage for property loss and liability loss. State Farm There are several types of coverage. Basic form, which covers fire, lightening, windstorms, hail, explosions, riots, and several others. However, it is not sold in most areas. The second type is broad form, which covers everything in the “basic” form but also covers falling objects, damage from storms, pipes bursting; It is also limited in most areas. Another form is the all risk which covers all the above including floods, earthquakes, war, and nuclear accidents. Renters insurance
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Week 7 Assignment FP101 - Axia College Material Appendix F...

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