What kind of claim might a third party claimant file against an insured?

A third-party claimant typically files a liability claim for injuries or property damage against an insured party when they seek compensation for harm caused by the insured's actions. This kind of claim is rooted in the principle of liability, whereby one party is held responsible for damages caused to another party. In scenarios such as an auto accident, for instance, the injured party (the claimant) seeks compensation from the driver’s insurance coverage for medical expenses, lost wages, or repairs to property damaged in the incident.

The context of liability claims is important in insurance, as they are designed to protect the insured from the financial consequences of causing harm to others. This involves policies such as general liability or auto liability coverage, which are specifically tailored to address these types of claims and often cover legal fees and settlements that arise as a result of these claims.

The other options focus on different types of insurance claims that do not typically involve third-party claimants. Contractual claims generally pertain to disputes between parties involved in an agreement. Life insurance claims are made by beneficiaries upon the policyholder’s death and are not relevant to third-party claimants. Similarly, health insurance claims are submitted by insured individuals for their own medical expenses rather than in the context of a third party seeking restitution for injuries