Car insurance can be tricky. Many people qualify for a discount if they bundle their home owner’s insurance and multiple car policy (just ask Flo from Progressive). When you start to live apart you will not be able to be on the same car insurance anymore and no longer get the bundle discount. You may also now need renter’s insurance if you are now renting a place to live. If your spouse remains living in the home there will still be home owner’s insurance. And for liability reasons, you don’t want to be removed from the home owner’s insurance until your name is removed from the deed and the mortgage, which sometimes takes place after the divorce is finalized. So, you might still be on the home owner’s insurance even though you might not be living in the martial home.
And if you have kids you will want to have some life insurance. You want to make sure that the financial contributions you make now to their well-being, in form of child support to your co-parent, or paying for dinner and a movie when the kids are with you, will still happen even after your unexpected death. If you’re not there to earn a paycheck you don’t want your kids to pay the price.
Wow! That seems like a lot to figure out. The divorce mediators at Westfield Mediation, LLC, help you break down all of these tasks into smaller, more manageable steps. But you don’t know what you don’t know when you are getting a divorce and there is actually a lot to know about insurance- and not just the health care kind.
For more information on divorce and divorce mediation, please contact Randi M. Albert, JD, or Michelle Weinberg, M.Ed., Licensed Marriage and Family Therapist, at Westfield Mediation, LLC at 908.913.0373. View our website at www.westfieldnjmediation.com or email us at firstname.lastname@example.org.