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Old 06-23-2013, 12:52 PM   #43
undercoverbrother
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Join Date: Mar 2012
Location: Sylvan Lake
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Quote:
Originally Posted by I-Hate-Hulse View Post

I had this debate with someone last night. If I have a 2.4 million dollar home in Elbow Park, and my basement development costs were $800,000 alone for some crazy toys like a bowling alley and theatre setup - how much would the goverment actually cover? I can't imagine they'll pony up the full $800K.

Yeah I don't really know, I think that the gov't sends in their own "adjusters" to access the damage and price it out. I am not sure of the percentage they pay, but would be floored it is was total replacement cost.
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