Rhode Island Insurance Adjuster Exam

What is a third party claimant?

1. A claimant with no insurance

2. A person pursuing a claim through their own insurance

3. A person pursuing a claim through the at fault party's insurance

4. An insurance agent handling claims

The correct answer is: A person pursuing a claim through the at fault party's insurance

A third party claimant is someone who is seeking compensation for damages or losses from an insurance policy that belongs to another party, typically the party at fault in an incident. This situation arises in the context of liability claims where, for example, if an individual is injured in a car accident caused by another driver, the injured party can file a claim against the at-fault driver's liability insurance. This approach allows the claimant to access the resources of the at-fault party’s insurance coverage to seek compensation for personal injuries, property damage, or other losses incurred. In this scenario, the third party is not the person who holds the insurance policy but rather an individual affected by the actions of the policyholder. This distinction is crucial because it helps delineate the relationship between the involved parties and clarifies the claims process in liability scenarios. The options highlighting claimants with no insurance, those pursuing claims through their own insurance, and insurance agents do not accurately capture the essence of a third party claimant's role in the insurance claim process.