What does First-Party Insurance mean? Read on to discover the definition & meaning of the term First-Party Insurance - to help you better understand the language used in insurance policies.
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.
We hope the you have a better understanding of the meaning of First-Party Insurance.