What is the difference between first-party and third-party insurance claims?

In North Dakota, first-party and third-party insurance claims are different in terms of who is the beneficiary of the claim. First-party insurance claims are those made by the policy holder or someone who is covered by the policy. This type of claim is made to get reimbursement or compensation for damages caused to the policy holder, which can include property damage or medical payments. Third-party insurance claims are those made by someone other than the policy holder that is accusing the insured of damages or negligence. These claims are made against the policy holder and the insurance company is responsible for defending and settling the case. In terms of responsibility for legal costs and fees, with first-party claims, the policy holder is typically responsible for any legal fees associated with the claim. With third-party claims, the insurance company is responsible for handling the associated legal costs and fees. It is important to understand the difference between first-party and third-party insurance claims in North Dakota. It is essential to seek experienced legal guidance before filing any claim to ensure that your rights are properly protected.

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What is the difference between first-party and third-party insurance claims?

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