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Assurances Scava

Insurance, Canada, Quebec, Montreal

Protecting what matters most with personalized insurance solutions and expert financial advice.

About Assurances Scava

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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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Main Office
Canada, Quebec, Montreal
Official Website
http://www.assurancescava.ca
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Assurances Scava

Does comprehensive coverage provide protection if a tree falls on my car?

Yes, damage caused by a fallen tree is typically covered under comprehensive insurance, as it falls under non-collision-related events, unless the insurer has specific exclusions for such situations.


Can I take CPCU exams without enrolling in a course?

Yes, candidates can self-study and register for CPCU exams without enrolling in courses, but structured study programs are recommended for better understanding and success.


What are the main actuarial models used in health insurance?

Actuarial models in health insurance include incidence and prevalence models, claim cost models, and Markov models for chronic diseases. Actuaries use them to estimate claim frequency, healthcare utilization, and future medical expenses for pricing and reserving purposes.


Can I add additional insureds to my business liability policy?

Yes, you can add additional insureds, such as landlords, clients, or partners, to extend liability protection to them under specific circumstances. Additional insureds may be required in contracts.


Does subrogation affect the policyholder’s claim payment?

No, subrogation does not affect the policyholder’s compensation. The insurer pays the claim first and later seeks reimbursement from the responsible third party.


How does co-insurance affect indemnity payments?

Co-insurance requires the insured to share a percentage of the loss with the insurer, often used in health and property insurance. If the insured fails to maintain the required sum insured, they may receive reduced compensation, impacting full indemnification under the policy.


What does an insurance endorsement mean?

An insurance endorsement (or rider) is a modification to an existing policy that alters coverage terms, adds benefits, or excludes specific risks, providing customized protection for the policyholder.


Can I make partial payments during the grace period?

Some insurers may accept partial payments during the grace period, but it depends on the terms of your policy. Check with your insurer for specific rules.


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