Crossword Genius

Party possibly insured in part! (5)

Ross

I believe the answer is:

third

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This clue might be a double definition.

'party' is the first definition.
(thesaurus)

'insured in part' is the second definition.
'third' can be an answer for 'part' (fraction). I am not certain of the 'insured in' bit.

'possibly' is the link.

Can you help me to learn more?

(Other definitions for third that I've seen before include "Bronze medal place" , "Bronze prize position" , "One of three equal parts" , "Eroica, Beethoven's - symphony" , "Tertiary" .)

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