FIRST PARTY

An insurance policy purchased for protection against the actions of another party. it compensates for any damage done to the third party as result of the first party.

THIRD PARTY
Third Party Insurance basically covers for: personal injury- liability for accidental damage to third party.

POLICY BENEFIT
Third Party Insurance provides some additional peace of mind, and comes in two options

Third-party insurance is purchased by the insured (first party) from an insurance company (second party) for protection against another party's claims (third party).

SECOND PARTY