Be Sure to Update Your Insurance Policies After a Divorce

After your divorce is finalized, one of the first things you should do is go over all of your insurance policies and make any necessary updates. This is a task that is easily forgotten, but also quite important to help you save money and ensure you are receiving coverage for everything you need.

The following are a few items to consider for the insurance policies you might have:

  • Health insurance: If you plan on staying on your former spouse’s health insurance policy (if you are eligible to do so), you are going to have to deal with COBRA, which has strict limits for signing up to continue your coverage. Make sure you get this taken care of right away so you do not unintentionally lose your health insurance coverage.
  • Life insurance: If you have a life insurance policy, you will probably want to change your beneficiary to someone other than your former spouse. Even if you for some reason do not want to change your beneficiary, you are still going most likely going to have to fill out new forms or update your policy. In many circumstances, a divorce automatically revokes a life insurance policy.
  • Auto insurance: Get in touch with your auto insurance provider after your divorce and make sure the vehicle you are driving is still properly insured and that only you are covered in the policy. Get a copy of the insurance declaration page, which tells you exactly what type of coverage you have and who is covered. This is an important document to have for your records.

There are a number of important issues to cover before, during and after your divorce. For further guidance, speak with a knowledgeable Nassau County divorce lawyer at Bryan L. Salamone & Associates.

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