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Bourque Ryan Insurance

Insurance, Canada, Quebec, Montreal

Your trusted partner in insurance solutions, providing personalized coverage for individuals and businesses with a focus on risk management and financial security.

About Bourque Ryan Insurance

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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.bourqueryaninsurance.ca
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Bourque Ryan Insurance

What is a grace period in insurance?

A grace period is a set time after a missed payment during which an insurance policyholder can make the payment without losing coverage. The length of the grace period varies by insurance type and provider, but typically ranges from 7 to 30 days. Coverage is maintained during this time as long as payment is made.


Can UBI be used for commercial fleets?

Yes, businesses can use UBI to monitor fleet vehicles, improve driver safety, reduce fuel costs, and optimize routes while potentially lowering commercial insurance premiums.


What is reinsurance underwriting?

Reinsurance underwriting assesses risks that insurers transfer to reinsurers, helping primary insurers manage large or high-risk policies effectively.


What is trip cancellation insurance?

Trip cancellation insurance reimburses you for prepaid, non-refundable trip costs if you need to cancel for a covered reason. Common covered reasons include illness, injury, severe weather, or unexpected job loss, ensuring you don’t lose money on your travel investment.


How do underwriters assess the risk of life insurance applicants?

Life insurance underwriters assess the applicant’s health history, age, lifestyle (e.g., smoking or drinking), occupation, and family medical history. They may also request medical exams or lab tests to evaluate overall risk.


Are liability limits the same for all types of insurance?

No, liability limits vary based on the type of insurance, such as auto, business, professional, or general liability coverage.


Can I receive more than ACV for my claim?

Yes, if you have Replacement Cost Coverage, your insurer may first pay the ACV and then reimburse you for the depreciation after you replace the item. This ensures you receive the full amount needed to replace the item with a new equivalent.


How do cross-border insurance claims work?

Claims are handled through local laws where the policy is issued, with international arbitration or legal agreements helping resolve disputes between insurers and policyholders.


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