"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.

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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!

A Gathering Storm?

Posted on Jun 3, 2014 in Coverage News

Dark storm clouds

 

Whether or not you agree with the data-gathering practices of the government and private and publicly held companies, there is no doubting the fact that various entities want to know as much about us as possible. Insurance companies, of course, feed on data that helps them assess risk. For example, the more auto insurers know about drivers’ specific behaviors, the better they are able to properly price premiums. Even now, some auto insurance companies are collecting data about driving habits by analyzing the data collected by sensors in policyholders’ vehicles. These sensors are able to record information about what routes are driven, the number of miles driven, the time of day, speed, and braking patterns. Call it “custom risk assessment.”

NOTE: By comparing the driving data of one person with statistical information of similar drivers on similar routes and similar times, insurance companies may be able to tell if a chosen driver is an above- or below-average risk, and charge accordingly.

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Make Yourself Right At Home

Posted on May 21, 2014 in Home Insurance

A perfect neighborhood. Houses in suburb at Spring in the north

Purchasing Homeowners Insurance

When purchasing homeowners insurance, it is important to concentrate on the physical dwelling. More than your possessions, living expenses, and liability, your primary focus should be purchasing sufficient coverage to replace your home in the event of a named peril. When calculating the coverage amount, do not base it on your home’s appraised value, which includes land costs. Instead, use the current per-square-foot replacement costs in your area, which can be provided by the local homebuilders association. In light of recent catastrophic events, which may lead to inflated labor and material costs, consider extended or guaranteed replacement policies if you live in a disaster-prone area. It is also important to know what perils are included in your policy.

NOTE: Standard homeowners policies exclude damage resulting from earthquakes and landslides as well as flooding.

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Directors’ and Officers’ Coverage

Posted on May 17, 2014 in Business Insurance

Image of two young businessmen discussing project at meeting

Getting Company Insurance Coverage

Directors’ and Officers’ coverage (D&O) has long been a favorite among companies that want to protect their directors and officers from damages resulting from alleged or actual wrongful acts they may have committed in their positions. Aside from affording protection against disgruntled shareholders in publicly owned companies, D&O insurance offers privately held companies protection against employees, clients, stockholders, vendors, creditors, and even minority shareholders related by blood or marriage. Directors’ and officers’ liability insurance is often confused with professional liability insurance (or errors and omissions coverage). While professional liability/errors and omissions coverage applies to performance failures and negligence with respect to products and services, directors’ and officers’ liability insurance covers the performance and duties of the executive team.

NOTE: If directors’ and officers’ insurance coverage is not in place to protect their personal assets, it is not likely that investors and members of the board of directors will serve as corporate directors or officers.

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