Pre-nup recognition could spark divorce insurance

If pre-nuptial agreements are recognised in British law, the next step, according to matrimonial lawyers, is insurance against the financial risks associated with divorce, The Telegraph reports.

While it is not currently possible to take out insurance against divorce, but this will change as pre-nups become accepted, the paper quoted Simon Edwards, the principal of law firm ProLegal, as saying.

“People should be aware of the likelihood of an emerging before-the-event insurance market tied to pre-nuptial agreements,” Burton said. “The point at which a couple enter into a pre-nuptial agreement is an obvious point for insurance against the cost of a potential divorce to be taken out.

The Law Commission began a public consultation today on full recognition for pre-nup agreements in British law.