"The Insurance Institute for Highway Safety conducted a unique crash test to demonstrate the advances in motor vehicle safety over the last 50 years. In this test, a 2009 Chevrolet Malibu and a 1959 Chevrolet Bel Air are both going 40 mph and the vehicles collide offset, driver side to driver side. This is the same crash configuration represented by the Institute's 40 mph frontal offset barrier test, which is used to rate the frontal crash performance of new cars."
As you probably know, in Panama all cars must have insurance in order to get the vehicle inspected, registered, and to obtain license plates. I bet the people in this video are happy they have insurance. At least in Panama we don't have to worry about snow and ice.
If you’re contemplating relocating overseas for employment or even lifestyle reasons, there’s no doubt about it, you will have a wealth of things to organize and prepare ahead of your international move. From housing and schooling to work permits and language lessons, the list of activities and preparations is almost endless! However, one key preparation feature that often gets overlooked until almost the last moment is getting appropriate health care coverage in place for you and your family.
In the US we’re used to having our insurance company pick up the tab for illnesses and accidents, but if you move abroad you could well find that your insurer no longer protects you and your loved ones, so what type of health care coverage do you need for you and your family if you’re moving overseas?
The one word to sum up your requirements is ‘comprehensive’ – you will need a comprehensive health insurance plan in place that will cover not only your international medical care and bills, but also any medical treatment that you require back home in the US for all those times when you re-visit home for business or pleasure.
The insurance industry pushed upward in in July, registering a growth rate much higher than during the first few months of the year.
The volume of new premiums that month totaled $78 million, an increase of 22 percent compared to July 2008, according to information collected by the Superintendency of
Insurance.
The sector had remained at an average rate of growth that hovered under 10 percent until the close of the first semester.
Also in July, figures demonstrated a 143.3 percent rise in the purchase of individual life premiums (first year), a category that drove activity in the sector that month, similar to May reports, when these policies soared 459 percent and the industry grew 11 percent.
According to market sources, a single insurance company is responsible for the popularity of these first-year life insurance premiums by placing a nontraditional product on the market.
Despite the economic slowdown, the industry is reporting good results and have shown an encouraging 7.82 percent drop in claims.
Several clients have written to tell me that after Transito police stopped them for an infraction, they were asked to produce various documents relating to ownership of the vehicle.
Article 21 of the Panama Motor Vehicle Code stipulates that you must carry the original or a copy of the Registro Único de Propiedad Vehicular (Automobile Title Registration document) in your vehicle at all times. Failure to present the Registro Único de Propiedad Vehicular may result in a fine of $25.00.
It is also suggested that you have a copy of the manual de transito, inspection documents and a copy of your Panama auto insurance policy. The basic liability limits required by Panama law are $5,000K/$10,000K/$5,000K.
We recommend minimum liability limits of $25,000/$50,000/$25,000. For more info call Carmen at 322-1605 or email cdunkley@ducruet.com
Kevin and his English speaking team are an integral part of the Ducruet Insurance Agency. Whether coverage is needed for your Corporation or as an Individual, Kevin, Carmen, Rosita and Charlene are standing by to help with all your Panama insurance needs. Our location (DUCRUET) is in San Fransisco, near the end of Calle 50, turn left just BEFORE the light at Via Porras on calle 77E, between the Deli Gourmet and Volvo Store, directly across from HSBC. Here's a link to a map showing our office location.
Know your policies! With the rash of floods, earthquakes and windstorms here in Panama, we can help explain protection available for each risk. Does your fire insurance have extended coverage?
Auto insurance is essential to protect you from the crazy drivers and complicated legal system. Let us help you understand your coverage. Knowing how roadside assistance works can be a life saver if you are involved in an accident!
If you would like additional information regarding all types of insurance in Panama, please send me an email to kevin-pg@panamakevin.com. I would be more than happy to answer all of your questions to the best of my ability.
Real estate has traditionally been a family's most valuable asset. It is a form of wealth that is protected by many laws. These laws have been enacted to protect one's ownership of real estate and the improvements located on the land. The owner, the owner's family, and the owner's heirs may have rights or claims in and to the property that you are buying.
Those who have an interest in or lien upon the property could be governmental bodies, contractors, lenders, judgment creditors, or various other individuals or corporations. The real estate may be sold to you without the knowledge of the party having a right or claim in and to the property. In addition, you may
purchase the real estate without having any knowledge of these rights or claims. In either event, these rights or claims remain attached to the title to the property that you are buying until they are extinguished.
The recession and deflation are seeing prices for all sorts of services, goods and commodities fall in real terms. Some say this is a downward spiral that’s hard to break as we all wait for prices to fall before we buy anything – but that aside for a moment, there is one ‘commodity’ or service that’s actually fast increasing in expense, and that’s health insurance.
For expatriates and those thinking about a move overseas, this is worrying news. Health insurance is already an expensive necessity to have for expatriates in most nations, and many expats are looking at ways of cutting the overall cost of their cover. Some find that by taking local insurance only they can cut their costs, but then they leave themselves exposed to the expat health insurance gap.
The expat health insurance gap exists for those who want to travel, relocate or repatriate, and it’s those who fall into the latter category who are being particularly affected at the moment as they realise that they are not automatically entitled to NHS care if they do return to Great Britain. What’s more, some of the largest international insurers such as AXAPPP and BUPA are keen to let expats know that their international policies are actually more competitively priced than many may previously have thought.
Why International Health Insurance is Rising MORE...
Here is a well written article about "Title Insurance in Panama" by my friends at POSI:
By: Steven Rich, Marketing Manager & Jessica Angulo, Attorney for Panama Offshore Legal Services
Two foreigners bought real estate in Panama in 2006 from a seller who produced a “Paz y Salvo” certificate from the Ministry of Finance showing that he owed no property taxes.
In reality, when the seller bought the property it was improperly registered with the Ministry of Finance’s Cadastro office, which determines property taxes. The seller should have been paying higher property taxes.
The Ministry of Finance (MEF) discovered the error and levied an $11,000 property tax lien on the property against the buyers.
The buyers petitioned MEF to admit their error and exonerate the new owners from paying it. MEF refused explaining that the $11,000 past due property taxes remain with the property as a lien regardless of who owns the property.
"The Insurance Institute for Highway Safety conducted a unique crash test to demonstrate the advances in motor vehicle safety over the last 50 years. In this test, a 2009 Chevrolet Malibu and a 1959 Chevrolet Bel Air are both going 40 mph and the vehicles collide offset, driver side to driver side. This is the same crash configuration represented by the Institute's 40 mph frontal offset barrier test, which is used to rate the frontal crash performance of new cars." 
Kevin and his English speaking team are an integral part of the Ducruet Insurance Agency. Whether coverage is needed for your Corporation or as an Individual, Kevin, Carmen, Rosita and Charlene are standing by to help with all your Panama insurance needs. Our location (DUCRUET) is in San Fransisco, near the end of Calle 50, turn left just BEFORE the light at Via Porras on calle 77E, between the Deli Gourmet and Volvo Store, directly across from HSBC. Here's a 
