Most student loans have a six-month grace period, which means you wonât have to make payments until six months after you graduate, drop out or drop below half-time status. The grace period is meant to give you a chance to find a job and begin earning an income before youâre swamped with bills.
First Party Claims vs. Third Party Claims. There are two types of insurance claims: first party claims and third party claims. While a first party claim is one you file with your own insurance company, a third party claim is one you file with the insurance provider of another person or business.
To file a claim, follow these steps: 1  Call your insurance agent as soon as possible, regardless of who is at fault. Find out whether you're covered for this loss. 2  Ask your agent or company representative how to proceed and what forms or documents are needed to support your claim.