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Divorce and Auto Insurance Policies

By Compuquotes Team on March 27th, 2008
Auto Insurance

Nothing is as hard as going through a divorce. It seems like there is never going to be an end to the dividing up of things. You have to worry about your children, about your property, and about the things that you own. You also have to worry about the joint policies that you might already have, and what you are going to do with them.

There are several ways to deal with your auto insurance policy when you are going through a divorce. The first thing that you can do is to take a good look at what person should be left on the policy and which person should be taken off. Is one person going to keep the car that you both drive, or are you going to sell it? This is something that you should think about because if the car goes with one person, it makes sense to have the auto insurance stay in that person's name as well. It is very important for you to figure out which person will be driving the car, because this is the best way to figure out where the policy should go.

The next thing that you want to think about is whether or not you need to break up the policies. This has a lot to do with the terms of the divorce. If you are both on very amicable terms, and if you have children that are going to have joint custody, you might want to think about simply leaving the insurance policy the way that it is. Many people are still very friendly after a divorce and know that they will maintain a relationship because of their children ,and so they find it best to keep their insurance policies together for awhile after the divorce. If you are getting a very good deal, and you think that this might work for you, there is no harm in giving it a try to see.

Remember that when you are dividing up the insurance policies you should be looking at what is best for each person. The person who gets their own, new insurance policy should be able to have a better deal this way, and so you want to be sure that you talk to your insurance provider about what you want to do.

Sometimes, things like auto insurance policies are included in divorce settlements. If this is the case, you might want to let your lawyers and a judge work out what is going to be best for the both of you. It might be that your lawyer chooses to ask for the auto insurance policy, or that you believe that your spouse should have it instead.

Going through a divorce is hard enough. Dealing with the splitting up of policies can make it even more stressful. Try to use your own best judgment and try to listen to what the lawyers are telling you. You will be able to et a better deal for both of you if you can think it through carefully.

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