"Locally owned & operated insurance agency in Stratford CT since 1949."

Our mission is to provide a broad range of insurance products that meet the very needs of our customers. Whether it be insurance for your business or personal insurance needs such as home and auto insurance, umbrella or life and health insurance, we can coordinate coverage and offer excellent value.

Get an Insurance Quote

Enjoy the “Scott Guarantee”!

Receive an immediate quote,
and a phone call the next day!

We will shop your information with our preferred insurance carriers and call you back to review the Best Price Available.

Money Saving Tips

Here are 11 great ways to save money

 

  1.  Mind Your Credit Score!
    Did  you know you have an Insurance Credit Score??? This score is similar to your credit Score. Just like your loan creditors, insurers love to see long term stability, responsible use of credit and keeping balances low, if you have been impacted by a negative credit history in the past, improvements in your FICO credit score will mean lower insurance premiums in the future.  You can check with TransUnion, Equifax or Experian for your FICO score, and work on improving it if appropriate.
  2.  Request higher deductibles.
    The deductible is the amount of money you have to fork over before your insurance policy comes to the rescue. By bumping your deductible up from $200 to $500, you could lower the cost of your collision and comprehensive coverage by 15 percent to 30 percent. By increasing it to $1,000, you could decrease that cost by at least 40 percent.
  3. Combine policies with one carrier.
    You will save money if you insure all your vehicles, including trailers and recreational vehicles, on a single policy. Your car premium also should go down if you buy homeowners’ or life insurance from the same company.
  4. Forgo coverage you don’t need. Think about dropping collision and/or comprehensive coverage on older cars with a low market value. Such coverage often is not worth it because any claim you make probably won’t exceed the cost of the insurance and the deductible amount. To assess your car’s current value, visit Kelley Blue Book or Edmunds.com.
  5. Avoid duplicating medical coverage. If you already have good health, life and disability insurance, buy only the minimum personal injury protection required by the state where you live.
  6. Purchase a low-profile car. It’s more expensive to insure a vehicle that’s expensive to repair, popular with thieves or known for not having the greatest safety record. For a rundown of vehicles’ risk levels, visit the Insurance Institute for Highway Safety’s Web site.
  7. Carpool or drive less. Many insurance companies offer “low-mileage discounts” to policyholders who carpool to work or drive a lower-than-average number of miles each year. You can call Scott Insurance and find out whether you qualify.
  8. Opt for safety gear. You can qualify for a discount on many policies if you have air bags, automatic seat belts, anti-lock brakes and daytime running lights. An approved alarm system or other anti-theft device can give you additional savings.
  9. Seek out discounts for teens. Insure teenagers on the parents’ policy rather than a separate policy. Teens who maintain good grades and pass an approved drivers’ education course usually can qualify for reduced rates. An additional discount may come into play if your child goes to college more than 100 miles from home and doesn’t bring a car along.
  10. Check for other discounts. You also might be able to pay less if you’re older than 50 or 55 and/or retired; if you’ve had no accidents or moving violations in three years; or if you’re a longtime customer.
  11. Pause before paying extra for roadside assistance. It might be good to line up a roadside assistance plan elsewhere because a tow could increase your auto insurance premium and might even affect your eligibility for coverage. What’s more, you may already have an adequate roadside plan through your credit card.

 
Credits: Sources:

File an Insurance Claim

Enjoy the “Scott Review”

Before filing a claim, call our office to review your loss with one of our seasoned agents! We will advise you as to the best course of action!

When you speak with us, you’ll see why our clients appreciate our individual attention and care!

Will Your Life Insurance Leave Your Loved Ones with Enough?

Posted on Jun 27, 2014 in Life Insurance

Life Insurance Policy and Choose or Buy One

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

How Errors and Omissions Insurance Can Help Your Business

Posted on Jun 20, 2014 in Business Insurance

Business Error

Types of Business Insurance

One type of business insurance we haven’t covered yet in our blog series is Errors and omissions insurance.
While this isn’t one of the commonly known types of insurance it can save you money and a headache down the road. Basically, Errors and omissions insurance is coverage for if/when a client holds your company responsible for work that was unsatisfactory or not completed at all.

We bring this up because it’s an insurance that not a lot of business and professionals have and it can be a big help no matter what industry you hail from. Take a look at this piece the Insurance Journal wrote about Errors and omissions insurance for a better idea of how it can help your business.

Read More

New Long-Term Care Hybrids

Posted on Jun 12, 2014 in Life Insurance

Hospital room interior

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