What is divorce insurance?
Marriage is a delicate thing. It may feel like one minute, you're saying your vows and the next, you're seeking the services of a Virginia divorce attorney. Nobody can be sure that their marriage will last forever, and these days, it pays to hope for the best but prepare for the worst.
Divorce insurance is insurance that pays out in the event of divorce, to help defray divorce-related expenses. While divorce insurance coverage is new on the scene and may sound unconventional to many people, it is growing in popularity as more couples realize it's available to them.
Divorce insurance is purchased in units, so you can buy as many units as you think you need or can afford. For example, a company offering divorce insurance charges $15.99 per unit, and allows you to take out up to $250,000 in insurance.
Divorce insurance may seem like a great idea, but not everyone thinks so. They argue that if, due to financial limitations, you are only able to afford a small number of units, the payout in the event of divorce might not be large enough to make much difference in your financial well-being.
Wherever you stand on the topic of divorce insurance, it's important to remember that it doesn't take the place of a Virginia divorce attorney. While divorce insurance might help you gain a bit of money toward your Virginia divorce or the costs of starting over, it by no means covers every issue that divorce brings to your life.
Your Virginia divorce attorney can help you with financial matters like spousal support and child support, and also guide you through the difficult territory of Virginia child custody and visitation.
Contacting a Virginia Divorce Attorney
Throughout your divorce proceedings, you'll naturally have a lot of questions specific to your circumstances. Get your questions answered by requesting one of our FREE divorce guides for women, or reserving your seat at our monthly divorce seminar – 757-425-5200.
The Virginia divorce attorneys at Hofheimer Family Law Firm are committed to fighting for your rights, assisting in child custody disputes, and advocating that you receive everything you are entitled to and need in order to start your new life.