If you insure your home with a company against hail and it is damaged, what type of claim do you file?

When you insure your home against hail damage and file a claim for the damage, you are engaging in a first party claim. This type of claim arises when the policyholder seeks compensation from their own insurance company for loss or damage to their own property, which is exactly what happens in this scenario.

In a first party claim, the insured party (homeowner) directly files the claim with their insurance provider to cover the loss that has occurred due to a specific peril, in this case, hail. The insurance company then evaluates the claim according to the terms and coverage of the policy.

In contrast, a third party claim typically involves a claim made against someone else's insurance policy for damages or losses caused by that party. A joint claim would generally involve multiple insured parties making a claim together, while a collective claim does not specifically pertain to standard insurance terminology. Thus, the nature of the scenario clearly aligns with first party claims when the insured seeks to recover for their own loss.