Costen Services


At Costen Insurance we provide a wide range of superior insurance products, focusing on the three important areas of Risk Management, Business Management, and Financial Planning. Below we have listed just a few of the many services we offer. We are continuously looking to improve and expand on the products and services we offer – please let us know if you have any suggestions!

Risk Management


Automobile Insurance | Motorcycle Insurance | Home Insurance
Tenants/Renters Insurance | Condo Insurance | Rented Dwelling Insurance
Seasonal Homeowners Insurance | Motorhome/RV Insurance | Trailer/Camper Insurance
Glass Insurance | Snowmobile/ATV Insurance | Watercraft Insurance
Travel Insurance | Visitors to Canada Insurance

Business Management


Commercial Auto/ Trucking Insurance | Commercial Property Insurance
Commercial General Liability Insurance | Surety & Contract Bonding
Errors & Omissions Liability Insurance | Directors & Officers Liability Insurance
Surety & Contract Bonding | Special Events & Hole-In-One Insurance
Employee Benefit Plans | Cost Plus Health Plans | Group RRSPs
Profit Sharing & Pension Plans | Partnership Insurance

Financial Planning

Life Insurance | Health & Dental Plans
Critical Illness/Long-Term Care Plans | Disability Plans
Educational Savings Plans/RESPs | Term Deposits/GICs
Segregated Funds/Annuities/RRSPs/RRIFs

Branch Services


As insurance brokers In Calgary, we can help you find a suitable solution for all of your insurance needs. At this branch, we specifically offer:

Auto Insurance, anyone who owns a vehicle needs it, but do you know what coverage is right for you? There are an array of coverages and endorsements available on an automobile policy and our knowledgeable and friendly insurance brokers are here to give you the advice you need to make an informed decision. Our goal is to make sure you have the best coverage possible that suits your needs so your financial assets are protected in the event of a loss.

Below is a list of some of the many coverages that we offer on our Personal Automobile policies (conditions may apply):

Automobile Liability (sometimes referred to as PLPD):


Available limits range from the provincial minimum to $2,000,000
Covers damage to property or bodily injury of others in the event of a covered loss

Accident Benefits (Compulsory in Alberta in conjunction with Liability coverage):


Covers Medical Payments for bodily injuries above and beyond Alberta Health Care (limits apply)

Collision and/or Upset:


Deductibles from $500 and up
Covers physical damage to your vehicle in the event of a covered loss due to collision or upset
This includes coverage for hit & runs on your vehicle

Comprehensive:


Deductibles from $250 and up
Covers physical damage to your vehicle in the event of a covered loss due to anything other than collision or upset including fire, theft, vandalism, hail, windstorm, flood, and more.

Endorsements available:


Limited glass coverage – reduces your premium by limiting the glass coverage to exclude damage to your windshield due to rock chips or vandalism
Loss of Use – covers the cost of a rental vehicle in the event that your vehicle is not driveable or in for repairs due to a covered loss
Liability to non-owned vehicles – extends coverage from your vehicle to any private passenger vehicle you rent in North America
Accident Rating Waiver – protects your claims free rating in the event of an at fault loss
Waiver of Depreciation – waives the use of depreciation in the event of a covered loss on a newly purchased vehicle
And much more…!

No matter how big or small, every business is exposed to potential financial loss in some way or another. Do you have all of the coverage that you need to protect your business? Do you have too much coverage? Our experienced and friendly brokers are here to help you with these questions (and more!) and would love the chance to review your existing policy and give advice on what coverages would best suit your situation. We have a wide array of insurance companies available to find coverage for any type of business - from small businesses such as a part time fitness instructor to larger organizations such as a multi-provincial transportation company.

Our markets have many different commercial packages and individual coverages available to you such as (but not limited to):

Commercial General Liability


Designed to protect you in the event that you are found to have caused property damage or bodily injury due to your negligence with respect to the operations of your business
Limits available are from $1,000,000 and up

Building Coverage (if building is owned)


Designed to cover the physical building that you operate from.

Business Contents Coverage


Designed to cover the contents used for your business on your company’s premises including office furniture, computers, shelving, etc.

Stock


Designed to cover stock or inventory which you have on your premises such as food in a restaurant or grocery store

Equipment


Covers the equipment used for your business including forklifts, bobcats, generators, scaffolding, etc.

Tool Floater


Covers tools used on the job site and wherever else you take your tools

Business Interruption


Designed to cover lost income in the event that your business is unable to continue operating for a time due to an insured loss.

Rental Income


Covers loss of rental income if you are renting a portion of your building to another business in the event they are unable to stay in the building due to an insured loss.

Tenants Legal Liability


If you are renting your office space this would cover you if you are found to be responsible for damage done to the premises (other than your contents).

And much, much more...!

Are you looking for an expert in motorcycle insurance as well as someone who is passionate about all things motorcycle? If so, you’ve come to the right place. At Costen we have a broad range of motorcycle insurance companies with competitive premiums available and several of us own bikes and love to ride! We understand that your bike is more than just a financial asset to you and our goal is to make sure that you have the best coverage available to you to suit your needs and comfort level. As a broker we can give you several different options for insuring your motorcycle. We have access to specialty motorcycle insurance companies to insure your bike as a stand-alone policy and we also have the option of insuring your bike as a combined policy along with your home and auto insurance.

There are a wide array of coverages available through our carriers, both standard coverages as well as motorcycle specific endorsements to better protect you. Here are some of the coverages we can offer you:

Third Party Liability


Up to $2,000,000 in coverage available
Covers property damage or bodily injury caused to another party due to the operation of your motorcycle

Accident Benefits (Compulsory in Alberta in conjunction with Liability coverage)


Covers Medical Payments for bodily injuries above and beyond Alberta Health Care (limits apply)

Collision and/or Upset


Deductibles range from $100 to $500 depending on the engine size of the bike and the specific insurance companies’ underwriting rules Designed to cover your bike for physical damage in the event of a covered loss due to collision or upset

Comprehensive


Deductibles range from $100 to $500 depending on the engine size of the bike and the specific insurance companies’ underwriting rules
Designed to cover physical damage to your bike in the event of a covered loss due to anything other than collision or upset including fire, theft, vandalism, hail, windstorm, flood, and more

Waiver of Depreciation


Designed to waive the use of depreciation in the valuation of your bike in the event of a total loss
This coverage is applicable for up to 48 months after the original purchase of the bike (as long as it was purchased brand new)

Accessories & Equipment


Endorsements are available to extend coverage for accessories or aftermarket modifications to your bike that may not be automatically covered under the regular policy
Coverage can also be purchased to cover your helmet, jacket, gloves, and other equipment regularly used for riding

And Much More...!

The largest investment that the average person makes in their lifetime is in the purchase of their home. Do you have a good plan in place to ensure that your investment will be protected in the event of an unforeseen loss? Our goal at Costen is to make sure that your home along with your contents are covered as best as possible to protect you from financial loss. We have policies available to you for a wide array of living situations – from renting a basement suite to high value homes or multi-unit rental properties.

There is a large selection of coverages and additional endorsements that we have available for you through our insurance companies. Below we have listed a few of these coverages for you:

Dwelling Building


Limits are based on details obtained from you on your home that are plugged into our replacement cost calculation tool
Deductibles range from $500 up to $5,000 (higher deductibles available in certain cases)
In most cases Guaranteed Replacement Cost coverage is applied to this coverage. This means that your home would be covered to be rebuilt due to an insured loss no matter what the cost to rebuild is. So if your home is insured for $400,000 and it ends up costing $450,000 to rebuild the home, the insurance company would pay the full $450,000 as long as no major renovations or changes to the home had been done without notice to the insurance company.

Detached Private Structures


Limit is based on a percentage of the amount your dwelling is insured for, but can be increased if needed
Deductible is the same as the deductible for your dwelling coverage
Covers damage to detached structures such as garden sheds, green houses, detached garages, and more
In most cases replacement cost is applied to this coverage.

Personal Contents


Limits available from $25,000 and up
Deductibles range from $300 up to $5,000 (higher deductibles available in certain cases)
In most cases replacement cost is applied to this coverage – i.e. coverage is based on the cost of brand new contents in the event of a loss rather than what your contents are worth at the time of a loss.

Additional Living Expense


Limit is based on a percentage of the amount your home or contents are insured for depending on the insurance company
Designed to cover you for additional expenses in the event of an insured loss where you are unable to stay at your home for a period of time while your home is being repaired.

Personal Liability


Limits range from $1,000,000 to $2,000,000
Designed to cover you for your negligent acts or omissions that cause bodily injury or property damage to another party. This coverage applies to your actions anywhere in the world.

Sewer Backup


Limits range from $10,000 to the full policy limit of your contents and dwelling. We will always apply the highest amount of coverage possible for this endorsement which is in most cases the full policy limit(some conditions can apply)
Designed to cover loss or damage due to the backing up of sewer into your dwelling. This coverage is not automatically on the policy so we add it for you as an endorsement.

Identity Theft


Limits range from $15,000 to $30,000 depending on the insurance company
Designed to cover you in the event that you are a victim of identity theft – i.e. if someone steals your credit card, sets up a false identity under your name, steals your passport/driver’s licence, etc. The insurance company will assist in recouping costs and processing documentation to rectify the situation.

Bylaw Coverage


Limits range from $5,000 up to the full policy limit depending on the insurance company
Over time, bylaws in your municipality will change and thus the way your home was originally built may no longer be up to code. If you have a loss to your home that damages 70% or more of your home you would be required to rebuild the home including the current building codes. This can cause a significant increase in the cost to rebuild and increases due to change in bylaws are not automatically covered under your policy. This endorsement can be added to your policy to protect you from being potentially underinsured. In most cases this coverage is automatically added to the policy at no or very little charge.

Claim Protector


Designed to keep your claims free discount on your policy in the event of your first loss.

Scheduled Items


Most insurance companies have specified limits of coverage for certain personal contents such as jewellery, furs, coin collections, bicycles, and more. If you have any such items that are high in value we can list them specifically on your policy to ensure they are covered to their full value. Another benefit of adding a scheduled item is that in most cases there would be no (or a very low) deductible for a covered loss to that item.

Home Based Business


Designed to cover your home office contents and liability if you operate your business from home.

Green Assure (Available only through select insurance companies)


Limits available between $25,000 and $50,000
In the event of an insured loss this endorsement gives you the option to upgrade the materials used to replace or repair the damaged property with more eco-friendly materials. For example – if you have water damage to your carpet in your living room you can use this endorsement to replace the carpet with cork or bamboo flooring rather than the same carpet.

And much, much more...!

Do you travel out of province? If so, do you have a plan in place should you have a medical emergency while on your trip? A travel insurance policy might be exactly what you need as an affordable and comprehensive solution to reduce the stress and above all the potential severe cost of an unexpected medical emergency while away from your home province. At Costen we have access to several reputable travel insurance companies that have a wide array of coverages and policies available that we can custom tailor to suit your needs.

Below is a list of some of the products available through our brokerage:

Basic Emergency Hospital and Medical plan (single trip)


Limits available range from $5,000,000 to Unlimited

Basic Annual Emergency Hospital and Medical plan (multi trip)


Limits available range from $5,000,000 to Unlimited
Several options available for this annual plan ranging from 4 days per trip to 125 days per trip

Trip Interruption and Cancellation Policies


Can be purchased in conjunction with an emergency medical plan or as a stand-alone plan
Covers you in the event that you need to cancel your trip prior to departure or if you need to cut your trip short due to an emergency back at home

Baggage Coverage


Can be purchased to cover lost baggage while on your trip.

Rental Car Coverage


Can be purchased on a per day basis to cover physical damage to your rental vehicle while you are travelling overseas.
NOTE: most automobile policies extend coverage to rental vehicles, but only within North America so the purpose of this policy is to cover your rental vehicle if you are travelling outside of North America.

Visitors to Canada Policies


Limits available ranging from $10,000 to $150,000 in coverage
Designed for anyone visiting Canada who may not have been able to obtain travel insurance from their country of origin or for new residents in Canada who are waiting for their Alberta Health Care to take effect

And much, much more...!