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Pam's Insurance Site

When I bought my first house, I was already going into a lot of debt. I didn't have the money to seriously insure it, so I bought only the bare minimum without consulting an insurance professional. That was a big mistake on my part. It could have turned out alright. That is, if my house hadn't been in the path of a huge storm. Huge gale winds knocked a tree down straight through my roof. My house was practically destroyed, and my minimal policy didn't cover nearly enough. I spent years and years trying to get myself out of that financial mess. Since then, I have always been very cautious in learning about insurance and talking to the real professionals.

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Updating Your Auto Insurance After Divorce

Divorce brings about a change in every aspect of a person's life, including their auto insurance policy. If you recently separated from your spouse or finalized the divorce, you need to review your policy and make any necessary updates. Learn where you should begin to ensure you are covered.

Talk to Your Ex

You must have a discussion with your ex before you make any changes to your auto policy. You cannot legally remove anyone from an auto insurance policy without signed approval from the other party. For this reason, you need to speak with your ex and let them know that you plan to remove them from the policy or get your own policy. If you will be dropped from your ex's policy, activate your policy at least a day before you are dropped to prevent a lapse in coverage.

Adjust Vehicle Titling

If the vehicle you primarily drive is registered or titled in your ex's name, you will need to make sure that these documents are updated before you obtain coverage. Typically, you can only insure a vehicle that you are a legal owner of. Therefore, if your name is not on the record, you cannot get your own policy for the vehicle. To avoid a lapse in coverage, get this matter handled as soon as possible. 

Reassess Your Deductible

If you had a high deductible on your policy, it is a good idea to reassess the amount. When you were together, in the event of an accident, you could probably rely on your partner to contribute if you needed assistance with paying the deductible. Now that you are single, you will be required to pay the deductible on your own. If you have concerns, it might be a better idea to lower your deductible to a more comfortable amount. 

Anticipate a Premium Change

You should anticipate a change in your premium. Assuming that you and your ex split the cost of auto insurance down the middle, you might notice that the amount you paid could go down or up. For example, if you had a better driving record or a lower value car, your price could change. However, in the event you need to lower your deductible for your auto policy, the cost of your premium could increase to reflect this benefit.

Make sure you follow these tips to ensure you have proper coverage as you move into this new phase of your life

For more information, contact an auto insurance provider.