Rhode Island Insurance Adjuster Exam

What is a first party claimant?

1. A person making a claim against another's insurance

2. A person who files a claim with their own insurance

3. A third party involved in an accident

4. A person representing a business in a claim

The correct answer is: A person who files a claim with their own insurance

A first party claimant is defined as an individual who files a claim with their own insurance company for coverage or compensation related to a loss, injury, or damage they have experienced. This scenario often arises when an insured individual seeks to receive benefits outlined in their insurance policy, such as when their property is damaged or they incur medical expenses due to an incident. Understanding this concept is essential, particularly in the context of insurance practices and regulations, as first party claims are typically governed by the terms outlined in the policy purchased by the claimant. In contrast, individuals making claims against another’s insurance or involved in accidents as third parties do not fit under the first party category, highlighting the specific nature of the relationship between a first party claimant and their insurance provider.