Once your divorce is finalized, the next step is to update insurance policies to ensure they accurately reflect post-divorce life. It’s extremely important that you understand the implications a divorce can have on your insurance policies, and what can happen if you don’t update them in a timely manner.
Health Insurance
If you plan on staying on your former spouse’s health insurance, you’ll need to sign up for continued coverage through COBRA. It’s important to note, however, that there are strict time limits in place – if you find yourself putting this task off, be sure to file the proper paperwork as soon as possible to ensure that you are covered.
Life Insurance
If you named your former spouse as a beneficiary on your life insurance before you got divorce. You may want to consider changing the beneficiary to someone else. Even if you wish to keep your beneficiary the same, it’s likely that you’ll still need to file new life insurance paperwork after your divorce. Your marital settlement agreement should state that you are entitled to get information about your current life insurance policy – once the divorce is finalized, you should follow up with your insurance company and they will let you know if there’s been a change in your policy.
Auto Insurance
In regards to your auto insurance, you simply want to make sure that your vehicle is properly insured and that you are the only owner listed on your insurance. In the midst of finalizing a divorce, there’s a chance that your car was not transferred into your name.
If you’re struggling with a family law matter, you deserve effective representation that keeps your interests at heart for the long term. Our Las Vegas divorce attorney has helped countless clients save time, energy, and money in their divorce process.
Call Leavitt Law Firm today at (702) 996-6052 to request a case evaluation.