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Fp/101 Personal Finance - Week 7 Insurance Matrix

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Axia College Material
Appendix E

Insurance Matrix

|Type of Insurance |Functions |Example of Company |Coverage Characteristics |
|Auto |The function of auto insurance is to cover your car, |Geico is an example of an auto insurance company. |Auto insurance covers all types of things that concern|
| |the people in your car, and any other people or cars | |automobiles and what could happen to the people in the|
| |that might be involved in an accident. | |vehicle. This includes bodily injury, liability |
| | | |losses, medical costs, property damage cause by the |
| | | |vehicle, damage to the vehicle, and stolen property in|
| | | |the vehicle. |
|Home |The function of Home Owner’s Insurance is to protect |Nationwide is an example of a home owner’s insurance |Home owner’s insurance can provide coverage to a wide |
| |your home, personal property, and the welfare of |company. |spectrum of things that could damage a home, such as |
| |people who are on your property.

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