With a Hastings Mutual waiver of deductible credit, you can reduce your deductible each year you do not file a claim with us. After each claim-free year, we’ll lower your deductible by $75! The maximum total credit available is $750.
Here’s how it works: After 10 claim-free years with Hastings Mutual, a deductible that is originally $750 will be reduced to $0. If your original deductible is $1,000, after 10 claim-free years your deductible will be reduced to $250.
If you do need to file a claim, you’ll pay the reduced deductible you’ve earned. After the claim has been filed, your policy will return to its original deductible amount, and you can start earning $75 credits again.
This credit can be applied to either:
An example of Waiver of Deductible Credit
A hailstorm blows through town, causing $2,000 of property damage to your home. Fortunately, you have a homeowners waiver of deductible credit applied to your windstorm or hail deductible. Your original deductible is $1,500, but until this hailstorm hit, you lived 8 years without filing a claim.
$75 a year for 8 years is $600, which means your deductible for recovering from the storm is only $900. A great discount at a great price!
What you need when a thief or hacker strikes.
Coverage for your family's vehicles on the road and in the garage.
Additional coverage when you need to go above and beyond your regular policy.
Protection for when it's time to have fun on the water.
Talk to your independent insurance agent for a quote and for more details on what Hastings Mutual can do for you.