After reviewing a client’s portfolio, we realized the ex-husband was still on all of the policies even though they no longer lived in the same home and assets had been divided. They hadn’t thought to adjust their insurance and assumed they would both still be properly covered. However, if there had been a claim, there is a risk of denial of coverage. We reviewed their new, individual risks to create a plan to cover each client separately.
If you have clients going through a divorce, it’s helpful to bring in an independent insurance agent as soon as possible to assess the risks while the couple is separated and then after the divorce is final.
Let Brunswick Companies review your client’s policy to see how we can best protect the world they love and everything in it.