A divorce upends every aspect of your life, including your insurance needs. Depending on your circumstances, disentangling your policies from your spouse’s may involve changing the beneficiaries, taking their name off your policy, or shopping for your own coverage. If your marriage is coming to an end, below are a few changes you may need to make.

A Guide to Adjusting Coverage After a Divorce

1. Life Insurance

Depending on the terms of your divorce, you may be required to buy life insurance with your former spouse as the beneficiary. If you pass away, the death benefit can replace the spousal maintenance and child support you would have paid. On the other hand, you may want to change your beneficiary if you already have a policy.

2. Health Insurance

Millions of Americans get health coverage through their spouse’s employer. After a divorce, you may be able to stay on their plan for up to 36 months, but you’ll be responsible for paying your own premiums. However, it may be more affordable to get coverage through your own employer or purchase a policy on the open market.

3. Disability Insurance

Disability insurance replaces your income if an injury or illness makes it impossible to work. If you’ll be relying on alimony or child support after the divorce, disability coverage ensures your former spouse has the resources to keep meeting their obligations if something happens.

4. Auto Insurance

Even if you’re keeping the car, simply removing your spouse from the policy may not be the best approach. Being a single adult can have a dramatic impact on your premiums, so compare your options as soon as you can. Comparing policies from several different companies could save you hundreds of dollars every year.

With offices in Geneseo and Livonia, NY, the agents at Chanler Agency Inc. Insurance provide personal attention and tailored coverage to clients throughout the Finger Lakes region. If you’re going through a major life change, their insurance agents will help ensure you’re fully protected from the unexpected. Visit their website for more on their wide range of personal coverage options, get news and tips on Facebook, or call (585) 243-5520 to reach their office in Geneseo. To speak with an agent in Livonia, call (585) 346-3118 today.