Who is considered a "third-party claimant"?

A third-party claimant is defined as someone who makes a claim against an insurance policy that belongs to another party, typically in the context of seeking compensation for damages or losses incurred due to the actions of that party. In this scenario, when an individual files a claim against another person's insurance for damages, they are indeed acting as a third-party claimant. This distinction is crucial because it separates third-party claims from first-party claims, where individuals file against their own insurance policies to recover losses or damages.

The other choices reflect different contexts that do not specifically align with the definition of a third-party claimant. An individual filing a claim against their own policy is considered a first-party claimant. Claims originating from a business may involve multiple parties, but they do not inherently classify as third-party claims unless they specifically involve claims against another's insurance. Lastly, a claimant who is denied coverage does not define the nature of who they are making a claim against, and thus does not fit the characterization of a third-party claimant. Understanding this terminology is essential for navigating insurance claims and their respective processes.