Fighting, bickering, splitting all your assets, visiting attorneys ~ all you need now is an accident.
Ending a marriage it stressful enough without all the added details and emotional yuck. To eliminate problems in advance here are some tips to take while going through a divorce.
Tips to help with your divorce.
Before the Divorce
You know you’re going to split up. You are mentally going back and forth ~ should I go or should I stay.
1. First off ~ when you first separate get separate Car Insurance Policies. Still list both your names.
Put both your names on the policy – but put your name first and your address. This will keep you covered in case your ex decides not to pay the policy.
2. If you move out of the house get yourself a theft policy. Their will not be any coverage from the existing policy you have.
3. Get liability coverage for the place you are in now. Usually this is about $20 a year. You can do this by adding an endorsement to your current homeowner’s policy.
4. Get a renter’s policy – usually about $150 a year.
5. Until your divorce is final keep both name’s on your homeowner’s policy. Both parties have an equal interest in the home until your divorce is final.
Now your divorce is final.
After Your Divorce
1. Health Insurance. If you are covered on your spouse’s Health Insurance plan – get coverage within 30 days of the divorce being final.
2. If you cannot qualify for Health Insurance look into getting COBRA coverage .
3. Make sure you are the owner of your Life Insurance policy. Make sure the billing address is your new address. Change the beneficiaries from your ex to your children or others. Reevaluate your Life Insurance needs. You may be required to buy more.
4. You might want to look into disability insurance now because your spouse’s income will not cover your bills.
When ever you have major life changes all your insurance needs to be redone – especially divorce.
Re quote your Insurance every year!
Leave your comments to other ideas. Please share what experiences you have had that can help others to make this emotional time easier.
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