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What is an Insurer?

In personal injury and property damage cases, the insurance provider is frequently referred to as the “insurer.” Anyone who works for or on behalf of the insurance company, such as insurance adjusters and claims representatives, is included under this definition. However, it usually won’t include the lawyer for the insurance company.

Who Are the Parties in an Insurance Contract?

There are always two parties involved in an insurance contract because it is a contract between two parties. However, there can also be a third party involved in this situation.

The Insured: Typically, this refers to the individual who is responsible for paying the monthly premiums; however, it can also include other parties. It typically encompasses the insured person’s entire family in addition to anyone else to whom the insured individual grants permission to use their vehicle or property. In the case of contracts other than those involving automobiles, you will need to check the language of your policy to determine who is covered.

The Insurer: The term “insurer” typically refers to the insurance company itself. The insurance company is the entity that is responsible for writing the insurance contract, processing insurance premium payments, and, if necessary, disbursing insurance benefits to policyholders.

The Third-Party Beneficiary: In order to file an insurance claim, there must first be a person who was injured or who sustained financial losses. This individual is not a party to the insurance contract; however, the insurance contract was designed with this individual in mind; this individual is the one who is compensated for the losses they incurred.

Every insurance policy requires the policyholder to pay a premium, which is typically paid on a monthly basis, in exchange for protection against specific types of financial loss. These losses are very clearly defined, and the insurer will only pay benefits if the injuries or damage meet very specific requirements. Because of this, the insurer will not pay for any other losses. The “policy” provides further explanation of these terms.


Who Does The Insurer Pay?

In most cases, the insurer will make payments to the third-party beneficiary, who is the person who suffered losses. The type of insurance that is being utilized will determine the identity of the third party that is being involved. 

Think about it taking into account the following examples:

  • If someone were to be bitten by your dog, the victim’s homeowner’s insurance might compensate them for the damages they sustained as a result of the bite.
  • In the event that you are involved in a car accident, your auto insurance policy may be obligated to pay for the medical expenses and property damage incurred by the other driver as a result of the collision.
  • In the event that you trip and fall on the property of another individual, the owner’s property insurance will most likely cover the medical expenses associated with your injuries.

There are some circumstances in which your insurance company will pay you, given that you are the one who has suffered losses, and they are required to compensate you. In the event that your home is damaged as a result of high winds, then your homeowner’s insurance policy will, in the majority of cases, pay to have that repaired or replaced. 

After a car accident, many types of first party insurance coverages, such as uninsured motorist coverage for an accident involving an uninsured driver, will pay for things like medical expenses and property damage.

After an accident of any kind, you will need the experience and expertise that The Brown Firm’s legal team can provide when communicating with an insurance company.

Insurance companies will always look for loopholes in policies to try and offer you the lowest settlement amount. Without the help of an attorney, it can be quite difficult to get a fair settlement from them. 

Contact the Personal Injury Lawyers at The Brown Firm

If you were hurt in an accident that wasn’t your fault, the experienced personal injury attorneys at The Brown Firm offer free consultations to accident victims in Georgia and South Carolina. Allow The Brown Firm to assist you with your claim. Contact our team at 800-529-1441 to schedule a free consultation with an experienced personal injury lawyer.

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