How can I adjust my insurance coverage during a divorce?
June 4, 2023 | 40,00 EUR | answered by Sophia Evers
Dear Insurance Law Attorney,
I am reaching out to you with a question regarding my insurance coverage in the event of a divorce. My name is Elvira Dietrich and I am currently in a difficult situation as my spouse and I are looking to get a divorce.
During our marriage, we have taken out joint insurances such as household insurance, liability insurance, and life insurance. I am now concerned about how the divorce will affect my insurance coverage.
My spouse and I wish to divorce amicably and have already made an agreement on which insurances should be taken over by whom. However, I am unsure if this agreement is legally binding and if I need to adjust my insurance coverage independently.
I want to ensure that I am adequately protected after the divorce and that there are no gaps in my insurance coverage. Therefore, I am wondering what specific steps I need to take to adjust my insurance coverage in the event of a divorce and what rights and obligations I have in this situation.
I would greatly appreciate it if you could provide me with legal information and possible solutions so that I can adjust my insurances accordingly and be well protected in the future.
Thank you in advance for your assistance.
Sincerely,
Elvira Dietrich
Dear Mrs. Dietrich,
I understand your concerns regarding your insurance coverage in the event of a divorce and would like to assist you with legal information and possible solutions.
First of all, it is important to know that a divorce can have implications on your insurance coverage, especially if you have taken out joint insurances with your spouse. In a divorce, all assets, including insurances, must be divided. It is therefore advisable to review existing insurances and adjust them if necessary.
If you and your spouse have already made an agreement on which insurances should be taken over by whom, this agreement is generally binding. However, you should ensure that the agreement is legally valid. In case of doubt, I recommend you to have it checked by a lawyer to ensure that your interests are appropriately taken into account.
It is also important to note that some insurance contracts can be automatically adjusted in case of a change in circumstances, such as a divorce. For example, you may need to remove your spouse from existing insurance contracts or, if you move out and start a new household, you may need to take out a new household insurance.
To adjust your insurance coverage in case of a divorce, I recommend the following steps:
1. Review all existing insurance contracts and clarify which insurances should be transferred to you.
2. Clarify with your spouse which insurances should be continued and whether new insurances need to be taken out, if necessary.
3. Adjust the beneficiaries in your life insurances if necessary.
4. Inform the insurance companies about your new life situation and any changes in your insurance contracts.
In summary, it is important to adjust your insurance coverage in case of a divorce to ensure that you are adequately protected in the future. I recommend you to seek advice from a lawyer specializing in insurance law to ensure that all legal aspects are considered.
I hope this information is helpful to you and I am available for further questions.
Best regards,
Sophia Evers, Lawyer specializing in insurance law
