Going through a divorce is a stressful situation. It becomes even more stressful when you realize you will no longer be covered by your former spouse's insurance policies. All of the coverage you had is now no longer in effect. That's why you need to use any spousal support you receive to remain insured after the divorce goes final.
Being insured is one of the most important things in life. Insurance is protection against lawsuits, paying medical bills out-of-pocket, paying to replace stolen items and more.
There are quite a few insurance policies you will need once you are removed from your former spouse's policies. These include life insurance, car insurance, renter's insurance (if you rent), homeowner's insurance (if you own), vision coverage, dental insurance and health insurance.
Going through life without insurance is never a good idea. It is illegal to drive a motor vehicle without some form of auto insurance. Why take the risk of being involved in an accident when uninsured or getting pulled over without proof of insurance? It's just not worth the hefty fines and penalties.
If the spousal support you receive can only pay for the minimum coverage available for each of these policies, still purchase coverage. Having the minimum coverage available is better than not being covered for medical, auto, life, home or renter's issues.
Using spousal support payments to purchase new insurance policies in your name is one of the smartest moves you can make after getting divorced in New York. Just remember that these payments are not meant to last forever. They are simply rehabilitative until you can sustain yourself.