Maine home insurance deductible calculator

What your storm deductible actually comes to in dollars, and whether raising your regular deductible is worth the exposure. Estimates only — not a quote.

Your storm deductible, in dollars

Storm deductible

No separate wind, hail, or hurricane deductible is standard in Maine. Your ordinary deductible — typically $1,000 here — applies to storm damage too. CHECKED, NOT SKIPPED - and this one is genuinely borderline, so the reasoning is stated rather than assumed. Maine DOES appear on the Insurance Information Institute's list of 19 states plus DC where hurricane deductibles exist, and the Maine Bureau of Insurance adopted a rule effective April 1, 2015 setting standards for them: a hurricane deductible may be applied ONLY during the window that begins when the National Weather Service issues a hurricane warning for a forecast zone covering any part of the municipality where the insured property sits, and ends 24 hours after the last such warning for that zone is terminated. Where one is present it runs roughly 1% to 10% of the dwelling limit, or a flat dollar amount. BUT the Bureau's own consumer guidance describes these as appearing on 'some' policies rather than as a standard feature, no Maine statute requires an insurer to offer or apply one, no Maine-specific typical percentage is published, and Maine's homeowners market is one of the least stressed in the country - the lowest average premium of the seven states in this batch and near the bottom nationally. Recording applies:true with an invented typical percentage would apply a five-figure storm deductible to every Maine home in the calculator, which would be wrong for the overwhelming majority of the state. So this is recorded as not applying statewide. A buyer on the Maine coast should still check the declarations page for a hurricane deductible notice, which Maine requires to be shown there when one is present.

Is a higher deductible worth it?

This needs your two real quoted premiums. We deliberately don’t apply a “typical savings” percentage: deductible credits vary by carrier, state, and filing, so a made-up multiplier would give you a break-even that looks precise and isn’t. Ask your insurer to quote both deductibles — it takes one phone call, and the answer is specific to you.