What is 1st party and 3rd party insurance?

What is 1st party and 3rd party insurance?

What is mean by first-party, second-party, and third party in third party motor insurance? First-party refers to the insured individual, second-party is the insurance provider, and third party is the person towards whom damages are owed by the first-party in an accident.

See also  Is title jumping illegal in Michigan?