insurance policy

Divorce and My Insurance Policy


Getting an insurance policy requires putting in some amount of money. Sometimes, this amount may seem pretty large, which is why some couples decide to split policy and share it. While this doesn’t seem like a bad idea, it may be a problem if you get a divorce. It may sound pessimistic, but it’s best to know what might happen to your insurance policy if you get divorced.

How It Gets Affected

There are different kinds of insurance policies available nowadays. These are health insurance, life insurance, and home insurance, all of which can be shared. Any insurable interest can be insured, actually. In the event of divorce from your spouse, you may or may not lose your part in the insurance policy.

Health Insurance

Texas does not require the policy provider to keep the ex-spouse as dependent on the insurance policy. You can be covered by the health insurance of your ex as long as you are not removed as a dependent.

Home Insurance

For home insurance, you will get removed from the policy if you are not awarded ownership of the marital home. The case does not differ so much when it comes to life insurance. Just like health insurance, there is an option to keep your ex-spouse as a dependent. If you are no longer part of the policy, then there really is nothing they can do as this is also something that is allowed.

What You Can Do

Should you find yourself getting a divorce, or would like to just be ready for things like this, the best option you have is to get your own insurance policy. And while it might not be possible to get your own home insurance policy if you still live together with your spouse, you still have the option of getting your own life insurance policy and health insurance policy.

Insurance policies are an investment that you will realize is worth it as the years go by. By doing so, you avoid any possible problems that would come up should you and your spouse get a divorce. Even if you don’t get divorced, at least you still have your own insurance policy.

While they might seem costly, insurance policies are a pretty good way to invest your money. And while it might seem like a good idea to share a policy with your spouse, weigh the possibilities and be prepared for anything. By anything, this means actually considering the possibility of divorce when investing. By planning things out properly, such as getting your own policy, you at least avoid getting into any possible situations unprepared.

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Mr. Hutton is a Divorce and Custody Lawyer based out of Round Rock, TX. His background is with child psychology at Arizona State University where he received a B.S. in 2006, and he continued this by working with the Children’s Right’s Clinic at the University of Texas School of Law where he received his J.D. in 2009. Throughout his practice, he has been a strong proponent of utilizing modern technology to improve his practice and the representation of his clients. He currently is the technology chair of CAFA of Travis County and is committed to improving and modernizing the practice of law in Texas.

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