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No rush on auto insurance during property division

One of the most complicated tasks a New Jersey couple is likely to face is organizing their divorce. Small details can easily be overlooked or rushed through with the most attention given to child custody, division of business assets and wrangling over objects of sentimental value. One of those small details is the separation of car insurance policies, and it can have serious repercussions.

Even an amicable divorce is usually accompanied by the strong desire for autonomy and rapid division of all marital property by at least one partner. This can put a rush on the detail of auto insurance, but each spouse needs to take care not to avoid being left without such coverage. Fortunately, this concern is addressed by insurance procedures that prevent the removal of a person from a policy without their written consent.

Delaying the separation of auto insurance is often seen as preferable for all concerned due to property division issues that have not yet been decided. For instance, vehicles will need to be titled in the sole name of their respective owners, and this may not be known until the agreement. If insurance is bundled, a spouse maintaining residence in the home is more likely to keep the policy.

Simple property division can end up being complex for couples unfamiliar with the details of divorce. No two couples have their assets and respective goals organized in the same way, so each case is different. Navigating property division, even through amicable mediation, can open couples up to the risk of many expensive and time-consuming pitfalls. An attorney with experience practicing New Jersey family law may help a person understand how to reach their goals most effectively during division of marriage assets and other divorce concerns.

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