Appendix_F[1] - 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 drivers when they are involved in a car accident or other type of incident affecting the car such as fire or theft. If an accident or incident occurs and is properly reported, the auto insurance company pays the policy owner the applicable amount. Farmers Insurance Group All auto insurance policies require liability coverage (except New Hampshire and Virginia).You must purchase the required state minimum. You will need to purchase liability coverage greater than the minimum to protect your assets.   The following coverage may be optional depending upon the state where your policy is written: Medical payment, Bodily injury, Uninsured motorist, Under insured motorist, Collision, Comprehensive, Towing, Personal Injury Protection Home The function of homeowner’s insurance policy is to protect against a standard list of hazards, including volcanoes, vandalism,
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This note was uploaded on 11/21/2011 for the course PERSONAL F 101 taught by Professor Agnew during the Spring '10 term at University of Phoenix.

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Appendix_F[1] - Axia College Material Appendix F Insurance...

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