Difference between First-Party & Third-Party Insurance | First-Party vs Third-Party Insurance

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First-party insurance is insurance coverage provided by individuals to protect themselves from any potential legal liability for injuries or damages caused to others. Third-party insurance is a kind of coverage that protects the individual and their property from other individuals or entities for injuries or damages caused to others.

In this video, we will walk you through the differences between first and third-party insurance.
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⏱ TIME-STAMPS
0:00 Introduction
0:39 What is First Party Insurance?
1:59 What is not covered in First Party Insurance?
2:40 What is Third Party Insurance?
3:38 First Party Insurance vs Third Party Insurance
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