First Party Insurance

First-party insurance is a type of insurance coverage that protects your own interests. It compensates you for damages or losses incurred to your property or health, regardless of who is at fault. For example, in auto insurance, if your car is damaged in an accident, first-party coverage helps cover the repair costs directly. This type of insurance ensures you’re financially supported when you face unexpected events, such as accidents, theft, or natural disasters, providing peace of mind and security for your assets.