Calculating Replacement Cost Value
Replacement Cost can be defined as the actual cost to replace an item or structure to its pre-loss condition. With the majority of Comprehensive Homeowner’s, Tenant’s and Condominium policies, Insurance Companies offer what is called “Guaranteed Replacement Cost” on the dwelling. Guaranteed Replacement Cost, or GRC, means that the Insurer will cover the cost of…
Thunderstorms 2014
As most of you are aware, there have been a large number of thunderstorms that have hit Calgary, Airdrie, and surrounding areas over the last couple of weeks. Some of these storms have resulted in loonie or golf ball size hail, causing a significant amount of damage to vehicles and homes. The majority of claims…
The Advantages of Using a Realtor
In today’s busy realty market, there is no shortage of homes being bought and sold. Although many people choose to handle the listing, sale and closing of their home on their own, there are many reasons why using a realtor has its advantages. When buying, a realtor can assist you in locating available homes in…
Welcome to the Family, HBP Clients!
Costen & Associates would like to welcome the general insurance clients of Heritage Benefit Planners Inc. (HBP) to the Costen & Associates Family! Effective July 1, 2014, HBP released selling and servicing personal insurance policies. While Heritage Benefit Planners Inc. will continue offering financial planning services, in order to provide their general insurance clients with…
Suppressing Hailstorm Damage
As we are two days into summer and the typical storm season that comes with it, we thought we would re-post our article on Supressing Hailstorm Damage again this year! I had the opportunity to attend a hailstorm suppression tour, put on by Dr. Terry Krauss of the Alberta Severe Weather Management Society. The tour…