Scott Insurance Is Your Full-Service CT Insurance Provider
People don’t often look forward to buying insurance, whether it’s for your home, car, or a different type of insurance, such as renter’s, liability, or life insurance. Getting multiple quotes and figuring out just what you need for coverage can be a hassle. Larger corporations may offer promises of saving money for switching over, but when you’re connected to an agent who’s thousands of miles away, you may not always be sure of what you’re getting.
Here at Scott Insurance, we’ve been serving Stratford and the surrounding areas since 1949. Happy to be your local, hometown insurance company, our office is right here with any needs and questions you have concerning policies. And, we’re only a phone call away. With the ability to cover all of your insurance needs here in CT, we are the agents to call.
If you’re having trouble understanding what you need when it comes to auto and home insurance in CT, our agents are glad to help iron out the wrinkles. Always with your best needs in mind, we can help you decide what kind of coverage you need, while saving you money at the same time.
If you’re in the market for CT life insurance, or other insurances such as liability, marine insurance, or renter’s insurance, we can help as well. In fact, we can bundle all of your insurance policies into one low monthly payment, so you don’t have multiple bills to pay to different companies on different days. Convenience is key.
If you need help streamlining your insurance options, or simply just want better insurance at a lower rate, call Scott Insurance today at 203-375-5847 or contact us through the secure web form with any questions you may have.
Think you have enough life insurance coverage?
According to a recent 2013 study performed by The Futures Company there’s a very good chance that you do not. This study found that Americans only have enough life insurance to provide for their family for three years after the policy is used. But how much would someone need to make sure their families are well provided for? The study says that most policies fall over 300 thousand short of what’s needed. And perhaps the worst thing the survey revealed was the fact that the policyholders were unaware on how little life insurance coverage they truly had. You can read more about the survey from this post on Abendowment.org.Read More
Long Term Care
As insurers endeavor to make long-term care policies more affordable, some are developing new products that combine long-term care insurance with life insurance. These life insurance hybrids require an investment in a lump sum or payment of premiums for ten years, after which the insured receives either long-term care payouts or their heirs receive a death benefit. For instance, a 60-year-old would invest $50,000 and, in turn, could receive payouts of up to $216,000 (up to $3,000 per month for six or more years) for long-term care in a nursing home or assisted living facility or at home. If he or she were to die before long-term care is needed, his or her heirs would receive a $72,000 benefit.
NOTE: In the insurance hybrid mentioned above, funds used for long-term care reduce the death benefit to heirs.Read More
Covering the Medigap
Anyone approaching age 65 who will be enrolled in Medicare Part B should consider shopping for Medicare supplement insurance, popularly known as “Medigap” insurance. These policies, which are sold by private insurance companies, are designed to provide reimbursement for out-of-pocket costs that are not covered by Medicare. Although Medicare covers many health-care costs, patients must still pay Medicare’s coinsurance and deductibles. There are also some medical services that Medicare does not cover. A person’s right to purchase Medigap insurance is guaranteed during a six-month interval that begins on the first day of the month in which he or she is 65 or older and enrolled in Medicare Part B regardless of the condition of his or her health.
NOTE: Medicare Part B is an optional premium-based plan that covers physician services and outpatient hospital care.Read More
Learning About Exclusions
An insurance policy’s section on exclusions lets the policyholder know exactly what areas are specifically not covered by his or her insurance contract. Exclusions do not take anything away from the policyholder because the insurance company certainly does not charge a premium for coverage that it does not provide. In fact, exclusions eliminate exposures that the insurance company could not insure without charging prohibitive amounts of money. By taking careful notice of exclusions, policyholders can use the information to their advantage by avoiding gaps in coverage and purchasing additional protection. For instance, homeowners who astutely recognize the earthquake exclusion in their homeowner’s coverage can then obtain earthquake coverage through an earthquake endorsement.
NOTE: Common life insurance policy exclusions include acts of war, suicide, and engaging in certain dangerous activities.Read More