third-party insurance

[ thurd-pahr-tee ]

noun
  1. insurance that compensates for a loss to a party other than the insured for which the insured is liable.

Origin of third-party insurance

1
First recorded in 1900–05

Other words from third-party insurance

  • third-party insurer, noun

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024