University of Phoenix Material

Insurance Matrix

Directions – Matrix

For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance.

|Type of Insurance |Functions |Coverage Characteristics |Companies That Offer It |
|Auto |Protect a vehicle owner against damage compensation |Liability, medical payments or personal injury |AAA, nationwide auto insurance, and allstate auto |
| |expenses. Compensation for the inflicted damage to |protection, and under-insured or uninsured. |insurance. |
| |property. Health and life of the accident victims | | |
| |within fixed limits. Avoidance of gegative consequences| | |
| |of a car accident. | | |
| | | | |
| | | | |
|Home |To protect the policy holder from fire, theft, and |They are dwelling, personal property, and loss of use. |Liberty mutual, farmers insurance, nationwide. |
| |vandalism | | |
| | | | |
| | | | |
|Health |To shield you from cost of medical care, to provide you|First is fee for service of helath care provider, |Blue Shield, Aetna, and Kaiser permanente. |
| |with acess to discounted medical care |second is preferred provider option and third is health| |
| | |maintenance organization. | |
| | | | |
|Disability |When you become injured or sick and cannot work because|Short-term:employee benefit package covers a percentage|AIG, Assurity, Berkshire. |
| |of those conditions. |of employee’s salary. | |
| | | |