Wednesday, August 25, 2010

How is auto insurance affected by a divorce when there is a debt owed and its in both parties names?


Question by TS: How is auto insurance affected by a divorce when there is a debt owed and its in both parties names?
15,000 owed and in the middle of settling community property. She is the primary driver. As of right now the insurance is set up as if we were still married as the insurance company is not aware of the divorce. What would happen if she were to get into an accident in the vehicle.


Best answer:

Answer by David W
She'd be covered. If the divorce is final, the driver who gets the car needs to get it insured in/his her name alone. This might require a new policy; I don't think you can just cut off one name.



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