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third-party insurance

[thurd-pahr-tee] /ˈθɜrdˈpɑr ti/
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
1900-1905
First recorded in 1900-05
Related forms
third-party insurer, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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