...Associate Level Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |Some functions of auto insurance are to comply with |An example of a company is my company I use which is |The coverage characteristics are liability, full | | |state laws for operation of a vehicle on public |USAA. |coverage, bodily injury liability, medical expenses, | | |roadways and to protect you from the possible | |uninsured motorist protection, property damage | | |financial fallout of a major accident that you cause. | |liability, collision, comprehensive physical damage | |Home |A function of the home insurance is to protect the |Progressive |The coverage characteristics are dwelling, other | | |policy holder and family from sudden and accidental | |structures, personal property, loss of use, liability,| | |events that cause property damage and...
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...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 | |Comprehensive: Covers damage to your vehicle. You can|Geico | | | |pay for it to cover as much or as little as you care to|American Family | | |Auto insurance covers your car, the car or property of |by electing your deductible. |Allstate | | |someone else involved in an accident. And it will also|Liability: Covers damages to other people’s property | | | |cover any injuries to people involved. |or vehichle. You do not usually have a choice of | | | | ...
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...Associate Level Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |Protects you from damages and financial expenses due |Progressive, Country Wide, Geico, Nationwide, Liberty |Auto insurance provides financial protection in the | | |to a motor vehicle accident. |Mutual, Travelers, Allstate |event of an auto collision. It covers physical damage,| | | | |vehicle damage and any liability than can arise | | | | |therefrom. | | | | |Auto insurance companies review your driving record, | | | | |how much you drive, where you live, who the insurer | | | ...
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...Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |The primary function of auto insurance is to provide |Geico, Progressive, State Farm, Farmer’s, Nationwide | Coverage characteristics can include bodily injury, | | |protection from and compensation for damage or loss. |and Allstate are a few examples of auto insurance |property damage, collision coverage and a no-fault | | | |companies. |option. | |Home |The main function of home insurance is to protect the |A few examples of home insurance providers are PEMCO, |Characteristics of this include property coverage | | |homeowner against property and liability risks. |Farmers, State Farm, Allstate, Progressive and USAA. |including buildings/structures, personal property and | | | | |living expenses. It also includes liability coverage. | |Health |The main function of health insurance is to protect |Some...
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...University of Phoenix Material Health Insurance Matrix As you learn about health care delivery in the United States, it is important to understand the various models of health insurance to develop a working knowledge as you progress through the course. The following matrix is designed to help you develop that knowledge and assist you in understanding how health care is financed and how health insurance influences patients and providers as important foundational information for your role as a future health care worker. Fill in the following matrix. Each box must contain responses between 50 and 100 words using complete sentences. Include APA citations for the content you provide. | |Origin: When was the |What kind of payment |Who pays for care? |What is the access |How does the model affect patients? |How does the model affect providers? | | |model first used? |system is used, such | |structure, such as |Include pros and cons. |Include pros and cons. | | | |as prospective, | |gatekeeper, open-access, | | | | | |retrospective, or | |and so forth? | | | ...
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...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 collision or other type of incident such as fire, theft, or a natural disaster. The insurance company will pay the cost of repairing the vehicle or vehicles dependent upon which type of insurance the person at fault has purchased. Some types of insurance will also cover medical bills for injuries received as the result of an accident. State Farm Insurance Shelter Insurance USAA Allstate Insurance Geico Insurance Progressive Insurance AIG Insurance Medical payments Bodily injury Collision Comprehensive Uninsured motorist No fault Liability Underinsured motorist Towing Home Home insurance provides coverage for damage or destruction of the policyholder's home. It pays for damage by certain events such as fire, rain, wind, hail, or other natural occurrences. It can also cover losses due to theft or injuries on the property. Some areas have insurance specifically for earthquake or flood damage. State Farm Insurance AIG Insurance Allstate Insurance USAA Insurance Progressive Insurance Geico Insurance Farmer’s Insurance Liability Protection • Injuries and accidents • Lawsuits Personal Property Protection • Buildings and structures • Personal items • Living expenses Health Health insurance is purchased to pay expenses incurred as a result of an accident or illness. It covers...
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...many differences between insurance and social assistance programs. For instance insurance covers not only ones vehicle but also their home. While social assistance programs help a person with paying their utility bills, housing or food. Insurance is something a person buys and pays for from an insurance company. These payments are often made in monthly premiums. Types of insurance coverage of both vehicle and home include but not limited to; fire, theft, and flood. Social assistance programs are usually run by the government, churches, or other groups, and this assistance is free. They offer assistance to needy families either dealing with hard financial times, victims of disasters, etc. A person usually has to apply and meet certain requirements as set by the group in order to receive it. While both disability and life insurance pays for expense’s one deals with the living and the other with the dead. Disability insurance covers an employee if they get injured or sick, and they cannot return to work for a set amount of time These policy’s also comes in two forms; short-term and long-term, and benefits do not engage until all sick time is exhausted plus it only pays a percentage of that employee’s wages. A short-term policy usually lasts only 3 to 6 months but can last as long as 24 months. The long-term policy covers a person if they can no longer return to work because of catastrophic illness or injury. Both term and whole life insurance works almost the same way...
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...Insurance matrix and essay FP/101 Sunday, May 5, 2013 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 | To protect a vehicle owner against damage |How much you drive. |Progressive. | | |compensation. | | | | | |How well you drive. |State Farm. | | |To help Avoid negative consequences because of a car | | | | |accident |Where you live. |Geico. | | ...
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...Associate Level Material Appendix E Insurance Matrix Type of Insurance Functions Example of Company Coverage Characteristics Auto This kind of insurance defends your car against responsibility and property dangers. AAA, State Farm, Geico, Farm Bureau Insurance. This assists you to pay for the damages to a person’s own car and others. This also insures personal injuries that happened in a car mishap. It additionally reduces the responsibility for asset dangers. Home This kind of insurance coverage defends against responsibility as well as property dangers of a home. AAA, State Farm, Liberty Mutual. Assists to protect or decrease the sum of damage from things like fire, and criminal damage. This might also decrease the sum up front. Health A typical health insurance plan provides four primary functions: provisions for routine care, emergency medical assistance, chronic condition treatment and pharmaceutical care Kaiser, Humana, Blue Cross Blue Shield Health insurance covers the cost of medical or hospitalization care as a result of an illness or injury that occurs or is manifested while the policy is in force. Like other kinds of insurance, the benefits are payable in return for the insured paying a premium. Disability Disability insurance protects against the loss of income due to disability. Colonial Life, AIG, Liberty Mutual It provides a source of replacement income, for a stated period of time, when the insured is unable to work because of an illness or an accident...
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...Associate Level Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |Automobile insurance protects the driver and their |State Farm Insurance Company | Pays the majority of expenses caused by bodily injury| | |vehicle from financial repercussions when involved | |liability, property damage liability, collision, | | |with an accident. | |bodily injury, personal injury, medical bills, work | | | | |loss, rental car reimbursement. | |Home |Provides you with protection against the financial |Allstate Insurance Company |Covers expenses caused by destruction or damage of | | |loss that comes with the damage or destruction of your| |property caused by fire, explosion, glass breakage, | | |home and personal belongings, it provides...
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...Associate Level Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |To provide financial protection against physical |Nationwide, GEICO, State Farm, Progressive, Allstate, |Liability coverage pays for the legal responsibility | | |damage or bodily injury resulting from traffic |Amica. |to others for bodily injury or property damage. | | |collisions. | |Policies: (PAP) Individual coverage and family | | | | |automobile. (FAP) for several people in a family who | | | | |are driving the same car. | |Home |To cover the cost of re-building or fixing a home |Farmers, Allstate, Liberty Mutual. |Liability; responsibility for another person’s losses.| | |damage or destroy by fire, theft or other...
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...Comparing and Contrasting Auto and Health Insurance FP/101 Version 5 Comparing and Contrasting Auto and Health Insurance If you own a vehicle, you are required by law to purchase at least minimum liability insurance coverage and most states compulsory automobile insurance laws, which you must have to register your car. And all states have financial responsibility laws that require drivers who have been involved in traffic accidents have proof of insurance or the means to pay a claim. In some states even if you only possess a license but you do not actually own or drive a car, you still must have auto insurance. Automobile insurance protects you and your vehicle as well as other individuals on the road from accidents caused by texting, eating, and other numerous distractions involved while driving. It covers property and bodily injuries caused in a car wreck. Health Insurance offers protection against illness or emergencies and usually covers most routine medical exams; it can be purchased through your employer or individually. You must pay not only insurance premiums, but usually a co pay is required when visiting the doctor or purchasing your prescription medicines. These can range between twenty five or more dollars for the office visit and just a few dollars for the medicine, depending on your plan. Also a yearly deductible sometimes must be met before coverage takes full effect. Some health insurance is provided by the government, such as Medicaid for the low...
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...My name is Laurie Hatch I am 26 years old. I live in Lebanon New Hampshire. I am originally from Ardmore OK. I lived there till I was about four years old. My mother moved us to Vermont to take care of my grandmother and grandfather. My mother then married a man who adopted me when I was seven years old. In second grade I had a teacher who saw me asking for help on a spelling test and said it was cheating and told my parents he was going to hold me back a grade. He said I was slow and needed special help. My parent thought it would be a good idea to put me in Justin Morgan Christian School. They did not have the best learning program in that school. We sat in a cubby all day long looking at the wall. When we had a question we had to put an American flag on the top of the cubby. For the bathroom we put up the Christian flag. We worked in what they called “paces” You worked in them all day long they had a book for math, science, English, and so on. Each year you went up in a “pace book” the higher you got in school. That kind of learning did not work for me. So at the end of my sixth grade year I asked my parents if I could go to a Public School. So in 7th grade I went to a high school in my home town. I was so far behind when I got in class I didn’t know how to really do anything in my classes my first year, so when I went to 8th grade they put me in all special classes. I was really hard for me to have to go to a one on one class room when my friends and class mates went to regular...
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...Personal financial planning work sheet 5. Building wealth - To me building wealth means saving money so that I can have it when I hit a certain age and I’m not going to work no more than ill still have some money to live on other than social security benefits. Some people have retirement taking out of each pay period and you can even borrow if needed once you have a certain percentage saved I think everyone should save but not everyone has money left over after bills. Value and attitudes- Sometimes I set goals for things that me and the kids want to do special then I hate when I have saved enough money for out special trip then a something unexpected happens and I have to use the money for that then my kids are un happy because we have been planning this trip for a long time so now I only set goals that are a bit more planned I save money for emergency purpose and I have a another saving for things for my children and I have help with my financial planning now and it makes everything less stressful. Securing basic needs I’m a person who loves to spend money everything that I like for me and my kids or for the house ill buy and that’s all bad because while I’m shopping I’m not even considering the bills that I need to pay and that is a big risk because I don’t want my kids come home from school and there is no lights and water because I took the money and went shopping with it that’s too big of a risk and I don’t want to put my family through that. So now I pay all my...
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...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...
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