separation and life insurance - Spencer Insurance Agency, Inc

Separating or recently divorced? Check in with us!

 

If you or someone you know is recently separated or divorced you should check in with us. The sooner the better.

We recently had a client in Glenside that had car insurance on a policy with her husband.  They were recently separated and the wife moved into an apartment. What she did not understand is this would have huge impact on her car insurance and homeowner’s insurance.

Privacy laws sometimes make it difficult for us to talk to her about her husband.  However, we could quote and issue a car insurance policy on just her car.  We also suggested a renter’s insurance policy for her since she moved out of the home.  The husband would continue with the current policy so his car would also have coverage.

You also need to think about your life insurance policy.  Who should be the beneficiary?  If you have children then it is important to make sure there is a change to the beneficiary to reflect the separation or divorce. You should also discuss with the divorce lawyer your life insurance policies as you want to make sure they continue for the benefit of the children.

It is important to make sure the divorce attorney helps you in these areas but you may need to see a lawyer specializing in estate law.  You will need to update your will, power of attorney and living will.  If you need a referral to an estate attorney contact us.

There are many things related to insurance that you need to consider when getting a separation or divorce.  For more details check out our website article “Getting a divorce or separation.”

As always we are available to review your auto, home and life insurance policies.  We are professionals and our goal is to make sure both spouses have the proper protection in the event of a divorce or separation.  We do not take sides, we just assist both of you.

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