First-Party Insurance
/ˈfɜːrst-ˈpɑːrti ɪnˈʃʊərəns/
Definitions
- (n.) Insurance coverage that protects the policyholder against losses to their own property or interests.
The homeowner filed a claim under their first-party insurance after the fire damaged the house.
Forms
- first-party insurance
Related terms
See also
Commentary
First-party insurance specifically covers the insured’s own losses, distinguishing it from third-party insurance which covers liability to others.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.