What Is a First-Party Claim?
A first-party claim is a request for compensation made by a policyholder directly to their own insurance company under their policy’s coverage terms. In personal injury law, first-party claims are often filed for coverage such as medical payments, property damage, or uninsured motorist protection.
Examples of First-Party Claims
- Medical Payments (MedPay): Reimbursement for hospital bills after a car accident, regardless of fault.
- Uninsured Motorist Claims: Compensation for injuries caused by an uninsured driver.
- Property Damage Claims: Recovery for vehicle repairs or personal belongings damaged in an accident.
Importance of First-Party Claims in Personal Injury Cases
- Timely Compensation: First-party claims provide financial relief while liability issues with the at-fault party are resolved.
- Policyholder Rights: Filing a claim ensures that victims receive the benefits promised by their insurance policy.
- Avoiding Delays: Direct claims to one’s insurer can often be resolved faster than pursuing damages from a third party.
Victims should ensure their first-party claims are accurately documented and submitted promptly to maximize benefits.
