Yes, Tex2002ans.
The alt text field is located in Word by following these steps for 2013: right click, format picture, layout and properties, alt text, the description.
The alt text field hold integral information for visually impaired users that require a description of the image. I do not use the title field, but the description field ideally is carried through as an image alt attribute like this in the EPUB:
<img src="../Images/image.png" alt="Alt text imported from Word description."/>
Info from MS:
https://support.office.com/en-us/art...2-6a75b451c669