Saturday, August 13, 2011

Divorce Insurance




Just the other day I thought, I wonder if people would buy divorce insurance? I Googled Divorce Insurance and as usual someone else thought of it first. See article in New York Times on August 6, 2010, entitled “Divorce Insurance (Yes, Divorce Insurance)” by Jennifer Saranow Schultz. See the entire article at http://tiny.cc/cdm8111a. The article says in part, “The casualty insurance is designed to provide financial assistance in the form of cash to cover the costs of a divorce, such as legal proceedings or setting up a new apartment or house. It is sold in “units of protection.” Each unit costs $15.99 per month and provides $1,250 in coverage. So, if you bought 10 units, your initial coverage would be $12,500 and you’d be paying $15.99 per month for each of those units. In addition, every year, the company adds $250 in coverage for each unit. Have not heard of anyone using it and don’t know if mediation is covered. As always, you can post any comment about this blog or Divorce Mediation, or just Mediation by following the directions at the right in the green column or at the bottom of this website. Learn more about mediation at http://www.center-divorce-mediation.com/ WM(228) 8/13/11

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