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Alpha Assurances

Insurance, Canada, Quebec, Montreal

Alpha Assurances provides comprehensive insurance solutions with a focus on personalized service and risk management expertise, ensuring peace of mind for all clients.

About Alpha Assurances

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Canada, Quebec, Montreal
Official Website
http://www.alphaassurances.com
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Alpha Assurances

Can a company be a policyholder?

Yes, a company can be a policyholder if it purchases an insurance policy. This is often seen in cases where a company insures its employees or business assets against risks.


Does cash value earn interest or investment returns?

Yes, whole life policies earn guaranteed interest, universal life policies earn interest based on market rates, and variable life policies invest in funds with market-dependent returns.


What is the role of the FCA in UK insurance regulation?

The Financial Conduct Authority (FCA) regulates insurers to maintain market integrity and protect UK consumers from unfair practices.


How does treaty reinsurance differ from facultative reinsurance?

Treaty reinsurance covers an entire book of business automatically, while facultative reinsurance is negotiated case by case. Treaty reinsurance offers efficiency and scalability, whereas facultative reinsurance provides tailored risk coverage for specific policies.


Does homeowners insurance cover water damage?

Homeowners insurance generally covers water damage from specific sources, such as burst pipes or a malfunctioning appliance. However, water damage from floods, sewer backups, or ground seepage is typically excluded and requires separate coverage, such as flood insurance or sewer backup insurance. It’s essential to review your policy and determine what types of water damage are included in your coverage.


Can a term insurance policy be canceled before the term ends?

Yes, a policyholder can cancel a term policy anytime, but no refund is provided unless the policy has a return-of-premium feature.


Is E&S insurance more expensive than standard insurance?

Yes, E&S insurance is generally more expensive than standard insurance because it covers higher-risk situations. The increased cost reflects the insurer’s willingness to assume risks that standard carriers avoid, often requiring higher premiums and deductibles.


How is big data transforming health insurance?

Wearable devices, electronic health records, and


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