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Assurance Vie Quebec

Insurance, Canada, Quebec, Montreal

Leading provider of life insurance and retirement planning solutions in Quebec, ensuring financial security for individuals and families. Trusted expertise for a secure future.

About Assurance Vie Quebec

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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.assuranceviequebec.net
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Assurance Vie Quebec

How does my deductible affect my copay and coinsurance?

Your deductible is the amount you must pay before your insurance starts covering expenses. Copayments usually apply regardless of whether you've met your deductible. Coinsurance only applies after you meet the deductible, meaning you will share costs with your insurer until reaching your out-of-pocket limit.


Is earthquake insurance required by law?

No, earthquake insurance is not legally required. However, in high-risk areas, mortgage lenders may require it. Homeowners in earthquake-prone regions should consider it to protect against significant financial loss.


What is the difference between replacement cost and repair cost?

Replacement cost covers the expense of replacing a damaged item with a new one, whereas repair cost covers the cost of fixing the damaged item, if it can be repaired.


Can facultative reinsurance cover multiple types of insurance policies?

Yes, facultative reinsurance can cover a wide range of insurance policies, including life, health, property, casualty, and more. Each reinsurance contract is tailored to the specifics of the primary insurance policy it is covering.


What types of risks can parametric insurance cover?

It can cover risks such as hurricanes, earthquakes, droughts, floods, extreme temperatures, and other weather-related events, as well as non-weather-related risks like pandemics and business interruptions.


How does divorce affect beneficiary designations?

In some states, a divorce automatically revokes an ex-spouse as a beneficiary unless the policyholder reaffirms or updates the designation.


What happens if my baggage is lost on a cruise ship?

Cruise travel insurance often includes baggage loss coverage, but you must report the loss to ship authorities and obtain a formal report. Some policies may have different coverage limits for cruises.


Can universal life insurance lapse?

Yes, if the cash value is insufficient to cover policy expenses and premiums are not paid, the policy can lapse, leading to loss of coverage.


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