Divorce and Affordable Auto Insurance
♫ Wednesday, August 6th, 2008As the saying goes, “Marriage is about love, and divorce is about money.” Dividing property accumulated over the years can be as emotional as it can be difficult and fraught with legal complications. Deciding who gets which car may be an obvious decision in a divorce, but careful consideration of how to take possession of an affordable auto insurance policy may be a little more difficult. While auto insurance regulations and collision coverage requirements vary by state, there are enough similarities to offer this quick checklist to make sure that you’re covered.
Sometimes, if there are children involved, and the custodial parent incurs additional transportation costs such as driving more miles per year or needing to purchase a newer or larger car to take care of the kids’ needs, then the non-custodial parent may be ordered to pay all or part of the custodial parent’s auto insurance policy. Also, if it is necessary for one of you to purchase a new vehicle, a gap car insurance policy or a new auto insurance policy will be required before the car can be registered.
