INSURANCE 101
WHAT’S THE DIFFERENCE BETWEEN A FIRST- AND THIRD-PARTY INSURANCE CLAIM?
filing a third-party claim. These are made on behalf of one person to another person’s insurance company.
Personal injury and workers’ compensation attorneys have a vast knowledge of the insurance system, which allows them to advocate and fight for those wronged by insurance companies. However, this knowledge isn’t only privy to attorneys. In order to properly protect yourself from greedy companies and lengthy fights for the compensation you deserve, it can be beneficial to learn about jargon, practices, and weaknesses in the insurance system.
Let’s say your vehicle was rear-ended, leaving it severely damaged and you injured. You may seek compensation from your insurance company, but you will also want to receive what’s rightfully yours from the other driver’s insurance company. To do this, you will have to file a claim with that driver’s insurance company. In this instance, the person who owns that policy is the first party, the insurance company is the second, and you are the third party.
If you’re ready for your first lesson, check out the difference between a first-party and third-party insurance claim.
Why does this matter?
What is a first-party insurance claim?
This may seem trivial, but understanding that first- and third-party claims exist allow you to thoroughly weigh your options. It provides you with the expertise you need to make the right decisions on your path to compensation so your healing process can begin. And when you work with an attorney, you receive assistance from an experienced professional who can provide further insight. If you have questions regarding your case or insurance protection, please call the Law Offices of William F. Underwood, III, P.C. today.
The term “first party” in any insurance communication and documentation refers to the policyholder of that insurance plan. If you have vehicle or home insurance, you are the “first party” in any legal documentation or references made by your insurance company. So, when you file a first-party insurance claim, you are filing a claim with your insurance company. It’s standard and very common.
How does this differ from a third-party claim?
The main distinction between a first- and third-party claim is that you are not the policyholder when
ICED GREEN TEA, 2 WAYS
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Nothing says summer like a glass of iced tea. Enjoy these two twists on a classic summer soother.
Ingredients • 2 tbsp loose-leaf green tea • 4 cups filtered water, divided Option 1: Rose and Coriander • 1 tbsp dried rose petals • 1 tbsp whole coriander seeds
Option 2: Ginger Mint • 1 handful fresh mint leaves • 1 inch fresh ginger, cut into coins
Vanessa Morris
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Directions For Rose and Coriander Tea: 1. In a large pitcher, place green tea, rose petals, and coriander seeds. 2. Bring 1/2 cup water to just below boiling. 3. Pour hot water over tea leaves, petals, and seeds. Let steep for 10 seconds, then add the remaining 3 1/2 cups water. 4. Refrigerate 4–8 hours until tea reaches your desired strength. Strain and serve over ice. For Rose and Coriander Tea: Follow the instructions above, substituting the mint leaves and ginger coins for the rose petals and coriander seeds.
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