Whether you are married or living with a partner, splitting up affects your home owners insurance needs. Add a few insurance-related tasks to your post-breakup to-do list to find out if you’re over- or underinsured.
 
“When discussing the financial aspects of a divorce or a breakup, insurance considerations should be a key component in ongoing and final decisions,” said Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I. “Dividing up property, changing homes, and altering life insurance policies must be discussed to make sure that both parties, as well as children or other dependents, are financially protected after the separation is completed.”
 
Whether or not your divorce or separation leads to a change in residence, it’s a good idea to review your home owners policy to make sure your insurance still covers what you now have:

• If you keep valuable jewelry, art, or other luxury items, you’ll need a special floater or endorsement to your policy.
• If you give up valuables, make sure you cancel the floater or endorsement that covered them so you’re not paying for coverage you don’t need.
• Create a new home inventory detailing what you now own.

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