Divorce and car insurance: Details to consider
During something as serious and time consuming as divorce, it’s easy to overlook minor details such as car insurance. However, at some point, you need to focus on this.
First things first, answer this question: What is the process of removing your former spouse from your policy? This is something you need to do at once, as you don’t want to be impacted by something your ex could do in the future.
Secondly, take a strong look at your finances. How have your circumstances changed since going through divorce? You may need to adjust your limits and deductibles to ensure that you can afford coverage.
Your driving needs may change, such as fewer miles per year, which can also have an impact on your insurance policy.
Finally, you need to realize that a divorce could impact your premium in some way. For example, you may lose particular discounts, thus leading to a rate increase. Or maybe your spouse had a bad driving record, which means that you won’t be paying nearly as much for coverage down the road.
If you are going through divorce, it is a good idea to make a list of everything you need to do. This includes examining your car insurance policy and making any changes without delay.
It may not be something at the top of your to do list, but it is a step that deserves your attention before your divorce is finalized. Once you do this, there will be one less thing on your list to contend with in the future.