First Party Claims - A “First Party” is someone who is an insured under an insurance policy. A first party claim must be paid directly to an insured. A claim for property damage under homeowner’s policy is an example. Third Party Claims - A “Third Party” is someone who is a stranger to the insurance policy. A third party claim is one that involves damage or harm to a third party. An example of a third party claim is one against an insured driver who negligently causes an automobile accident.
Website Does Not Constitute Legal Advice or Create Attorney-Client Relationship