Discounts Available
There are several ways to save money on your home policy. Below is a list of some of the discounts available. Please note that not every carrier offers every discount. We will make sure that you are getting every discount applied to your policy that you are eligible for.
🔧 Property & Structural Discounts
1. New Home Discount
Applies to homes built within the last 10 years (varies by carrier).
Typically phased out as the property ages.
2. New Roof Discount
Applies if roof was replaced within a carrier-specified window (usually <10–15 years).
Often requires proof of replacement (invoice or permit).
3. Renovated Home Discount
Offered when major systems (roof, plumbing, electrical, HVAC) are updated.
May be combined with “Updated Systems” discounts.
4. Superior Construction Discount
Given for masonry, ICF (Insulated Concrete Form), or fire-resistant materials.
5. Green Home / LEED Certification Discount
Available through select carriers for homes with energy-efficient upgrades or green certifications.
🛡️ Protective Devices & Loss Mitigation Discounts
6. Monitored Alarm System Discount
For centrally monitored burglary and/or fire alarm systems.
7. Smart Home Devices Discount
Discounts for smart thermostats, leak detection sensors, or security systems (Ring, Nest, SimpliSafe, etc.).
8. Fire Extinguisher / Sprinkler System
Applied for homes with internal sprinkler systems or accessible fire extinguishers.
9. Automatic Generator
Do you have an automatic generator that kicks in when the power goes out?
10. Automatic Water Shutoff Device
Systems that detect and shut off water flow during leaks (Flo by Moen, etc.).
👥 Policyholder & Customer Loyalty Discounts
11. Multi-Policy / Bundling Discount
One of the largest discounts—bundling home with auto, umbrella, or motorcycle coverage.
12. Loyalty / Longevity Discount
Applies to long-term clients renewing with the same carrier (often >3–5 years).
13. Claim-Free Discount
For homeowners with no claims for a set period (typically 3–5 years).
14. Renewal / Continuous Insurance Discount
Applies when the insured has had uninterrupted home coverage with no lapses.
🧾 Payment & Policy Structure Discounts
15. Paid-in-Full Discount
Incentivizes full premium payment at policy inception or renewal.
16. EFT / AutoPay Discount
Discounts for setting up recurring electronic payments.
17. Paperless Billing / E-Policy Discount
Applied when policy documents and billing are handled digitally.
18. Advanced Quote Discount
Applied when policy is quoted a certain number of days before the effective date (typically >7 or >14 days).
🏡 Occupancy & Residency Discounts
19. Primary Residence Discount
Applied when the home is owner-occupied full-time.
20. Senior Citizen Discount
Often offered to homeowners age 55+ or retired, depending on carrier guidelines.
21. Non-Smoker Discount
For homeowners who do not allow smoking in the home.
📈 Additional/Carrier-Specific Discounts
22. Insured-to-Value (ITV) Discount
Available when the home is insured close to its calculated full replacement cost.
23. Umbrella Policy Discount
Applied if the client carries a personal umbrella with the same carrier.
24. Auto/Home Claims Package Discount
Applies when both policies are claim-free, creating a synergy-based reward.
💲 Higher Deductible Discount & Understanding Deductible Structures
25. Higher Deductible Discount
Choosing a higher deductible is a strategic way to lower your annual premium. Most carriers reward policyholders for assuming more risk on smaller claims by offering tiered discounts for increased deductibles.
Common Deductible Options & Savings Potential:
| Deductible Level | Typical Savings Range |
|---|---|
| $500 (Standard) | Baseline |
| $1,000 | 5%–10% discount |
| $2,500 | 10%–20% discount |
| $5,000+ | 15%–30% discount |
⚠️ Risk Management Tip: Always weigh premium savings against your ability to cover the deductible in a loss. Higher deductibles reduce nuisance claims and promote long-term savings but require financial preparedness.
🌀 Understanding the Types of Home Insurance Deductibles
In coastal regions like Cape Cod and Southeastern Massachusetts, policies often contain multiple deductibles depending on the cause of loss. It’s critical for policyholders to understand these differences—especially for wind-related events.
🏡 1. All Perils (Standard) Deductible
Applies to most claims (e.g., fire, theft, pipe bursts).
Usually a flat dollar amount like $1,000 or $2,500.
The deductible is subtracted from the claim payout regardless of the type of property involved.
🌬️ 2. Wind/Hail Deductible
Applies specifically to damages caused by windstorms or hail.
Often expressed as a percentage of Coverage A (dwelling limit), typically 1%–5%.
May apply year-round, not just during hurricanes.
Example: For a home insured at $400,000 with a 2% wind deductible, you would pay $8,000 out-of-pocket before coverage kicks in.
🌊 3. Named Storm Deductible
Applies when damage is caused by a named tropical storm or hurricane (as declared by the National Weather Service).
Also percentage-based, often 1%–5%.
Only triggered when a named storm causes the loss—does not apply to nor’easters or regular windstorms.
📝 Why It Matters: A named storm deductible offers broader wind coverage than a wind/hail deductible, as it limits percentage-based cost-sharing to only officially named events.
🌀 4. Hurricane Deductible
The most specific wind-related deductible.
Only applies when a hurricane—not just a named storm—causes the damage.
Trigger language may vary by carrier and state (some apply from the time a hurricane watch or warning is issued, through a defined time window after landfall).
Client Takeaway:
These deductibles are not additive—only one applies per claim, depending on the peril that caused the damage. However, they can lead to very different out-of-pocket costs after a major storm. Understanding which applies on your policy is crucial for financial planning and storm preparedness.
💬 Final Advice from HCC Insurance
At HCC Insurance, we help you choose a deductible strategy that balances affordability with protection. Many Massachusetts homeowners are surprised to learn how their hurricane or wind deductible can dwarf a standard deductible during storm season. We walk our clients through each option with real examples and premium impact comparisons.
Bonus Tip: During policy reviews, we routinely check:
Whether your current deductibles are consistent with your risk tolerance
If raising your deductible could unlock meaningful savings
Whether your current policy clearly defines storm-trigger language
At HCC Insurance, we believe you should never leave savings on the table. During our coverage review, we will thoroughly evaluate which discounts apply to your unique situation—based on your home, lifestyle, and eligibility. From bundling and protective devices to loyalty rewards and deductible strategies, we’ll work closely with you to ensure you're receiving every discount available. Our goal is to maximize your protection while minimizing your premium—without compromising on coverage.