Third-Party Payer | Definition, Types & Examples
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Ever wondered what third-party insurance actually does? Let’s break it down. It’s the most basic form of car insurance—and in many places, it’s legally required. But “basic” doesn’t mean useless. In fact, it could save you from financial disaster. Here’s the deal: If you accidentally damage someone else’s car, property, or injure them while driving, third-party insurance covers their costs—not yours. That means no draining your savings to pay for someone else’s repairs or medical bills. 🚧 You r
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