first-party insurance definition

first-party insurance

Type of insurance policy under which an insured (the first party) is paid by his or her insurer (the second party) in the event of an accident, injury, or loss—whether caused by itself or someone else (the third party). See also third-party insurance.

first-party insurance is in the General, Marine, & Life Insurance subject.

first-party insurance appears in the definition of the following term: automobile first-party insurance

first-party insurance appears in the other term:

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