In our last post we focused on handling car insurance for teen drivers during a divorce. However, this is certainly not the only insurance policy to think of when children are involved as there are also health insurance and life insurance policies that will need to be altered after the divorce.
There is no one-size-fits-all approach to handling the many types of insurance after a divorce. Typically, especially when a couple has children, there's car insurance, life insurance and health insurance that all need to be addressed when coming to agreements and the divorce settlement. In these next two posts, we will address these main types of insurance that most parents have before, during and after a divorce.
When two people get married it's normal to start combining insurance plans. In many marriages this means one spouse is in charge of the health insurance, car insurance and home insurance, with the other spouse's name simply added to the policies. But then what happens when there is a divorce? Who is in charge of splitting up the plans and what are the possible repercussions?