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

Insurance law in Pennsylvania outlines the differences between first-party and third-party insurance claims. A first-party insurance claim is a claim made by the policyholder of an insurance policy. This type of claim is filed against one’s own insurance company to receive compensation for damages or losses. Depending on the policy, the insurance company may cover medical expenses, damage to property, financial losses, or other losses. A third-party insurance claim is a claim made by someone other than the policyholder of an insurance policy. This type of claim is filed against the insurance company of the person who caused the damages or losses. The insurance company of the at-fault party may cover medical expenses, damage to property, financial losses, or other losses caused by the insured. In summary, first-party insurance claims are filed by the policyholder against their own insurance company to receive compensation for damages or losses, whereas third-party insurance claims are filed by someone other than the policyholder against the insurance company of the person who caused the damages or losses.

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

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