Update Your Insurance Policies After a Divorce
One of the first things you’re going to want to do after your divorce is finalized is check all of your insurance policies and make any changes needed to your coverage and your beneficiaries. If you have an agent that assists you with all of your plans, schedule a meeting with them as soon as possible so that you can review all of your coverage.
Some of the items you’ll want to review include the following:
- Health insurance. If you were covered on your ex-spouse’s health insurance plan, there are some strict time limits in place to allow you to sign up for a new plan. This is something you should aim to get taken care of as quickly as possible because of those time limits.
- Life or disability insurance. If you own life insurance, you’ll most likely want to change your beneficiary from your ex-spouse to someone else. Even if you don’t necessarily intend to make this change because your ex-spouse would still be raising your children if you were to pass, you’re still going to have to fill out new paperwork, because your original paperwork was likely nullified by your divorce.
In some situations, spouses agree during divorce negotiations to purchase life insurance together with children as beneficiaries. If this is the case for you, you’ll want to follow up with the insurance company to make sure that everything is in order, and inform them that they should notify you if there are any changes to the policy or problems with payments. Make sure that the insurance company has a copy of your divorce order.
- Car insurance. You should get in touch with your insurance provider to make sure you are the sole owner of your property. Get a copy of your insurance declaration page that lists your coverage, including information about who is covered on your plan.
The various insurance considerations after a divorce can get complicated. For strong legal assistance, work with the knowledgeable Queens divorce lawyers at Bryan L. Salamone & Associates.