Welcome to Kevin Bradley - Insurance in Panama
Sunday, September 14 2014 @ 09:59 PM EDT

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Pet Insurance in Panama?

Fire InsuranceDid you know that here in Ducruet, we may cover your pet for medical services/treatment due to an accident? If you purchase a multi-risk contents policy for your condo or house, the pets are covered for Vet services (including surgery), medication and hospital expenses up to $1,000. These expenses must be incurred as a result of an accident to the pet while inside the insured residence.

To obtain a quote, please call 322-1605 or send an email to cdunkley@ducruet.com kevin@ducruet.com
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Guide to New Panama Transito Law!

Auto ClaimsHas this happened to you? Standing in the middle of the road under the hot sun or pouring rain, horns beeping, traffic backing up.......all because you had a collision on the streets of Panama!

Here are the basic procedures to follow after an automobile accident in the Republic of Panama. Based on my experience, interviews with Transit Police and Insurance Company Claims Adjusters, here are some worthwhile suggestions that may help ease your post-bender blues.

Immediately after the collision, call the roadside assistance telephone # of your insurance company and ask that they come to the scene.

When no person has been injured and both parties agree who is responsible, take pictures and move the vehicles to the side of the road. If the other party leaves the scene of the accident, find a policeman and report "Colision y Fuga" (Hit and Run). This may protect you from further legal consequences.

Here is a rough translation of the articles described in the new law:

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Victory in Panama Traffic Court

Auto ClaimsGreat article describing my client/friend Don Winner's successful audience at the Panama Transito court hearing. He had dashcam video to support his evidence and won the case. Congratulations, Don!

http://www.panama-guide.com/article.php/20110525145114172

Be sure to watch the "Happy Dance" video at the end of the article....it will put a smile on your face.
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Panama Life Ins, how to apply!

Life InsuranceIn order to quote Panama Life Insurance, we will need your date of birth, do you smoke? If the coverage is for a mortgage, we will also need the term (# of years) of the loan.

Most lending institutions in Panama will require Life insurance to guarantee payment if you die before the loan is repaid. The policies must be issued by Panama licensed companies.....no, they will NOT accept your foreign issued life policy.

There are Life Insurance companies with non-medical limits (no physical required), but if you are over 50 and applying for amounts over $100,000, you will need to pass medical exams and show clean lab work. The companies I work with will pay for the doctor, EKG, X-rays and lab work that may be necessary

We will schedule appointments in your apartment or hotel in order to facilitate the process. Here in Ducruet, we have a team that specializes in helping you obtain this coverage quickly. Call me 6674-1063 or Carmen 322-1605 (direct line) to obtain a quote.
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Panama Insurance Forms!

General Panama InfoAnother bureaucratic step to obtain insurance coverage here in Panama. According to the new Panama financial regulations, all insurance companies are compelled to maintain basic information in their files about their personal or corporate customers to prevent use of insurance policies to launder $$$. One of the measures implemented requires the customer to fill in a special "Persona Natural" (Individuals) form or "Persona Juridica" (Corp/Foundation) form with the information of the policy contractor or insured.

This ridiculous bureaucratic requirement is a little more "Crabgrass" in our lawn of Life. It applies to all policies with premiums over $300/yr. Please don't use your auto policy to launder $$$.

We apologize for this inconvenience, it is part of the legal requirements to issue insurance policies in Panama. Every policyholder must comply.

Here is the form for a "natural person" (individual):

http://www.asegurancon.com/documentos/pdf/Formulario%20Natural.pdf

Here is the form for a Corp. or Foundation:

http://www.asegurancon.com/documentos/pdf/Formulario%20Juridico.pdf

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Panama Honeowners Contents Coverage-How to Apply?

Fire InsuranceIn order to issue coverage for the Muli-risk Homeowners contents coverage, we will need:

1. $$$ value of the contents? Furniture, appliances, electronic equipment, artwork, jewelry
2. Exact address of the residence? Name of the insured...should be issued in your name or name of renter.
3. What security measures does the building/property have? For example 24 hours security guard, gate at the entrance, anti-theft alarm, steel doors or bars on windows?
4. Are you planning on renting the property to third parties? A special "renters" endorsement is available.
5. Tel#, Cel#, email address?

¨Persona Natural¨ form (if property is in your name) or Persona Juridica form (completed by legal rep. of Corp.). This is an "anti money laundering" form required for every Panama policy with over $300 premium (more bureaucratic BS that must be kept on file in our office) Fill in the sections identified as ¨Datos Generales¨ and ¨Datos Ocupacionales¨ and sign where it says ¨Firma del Cliente¨. We will be glad to help you complete in the form.



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Panama Fire Ins. How to Apply?

Fire InsuranceIn Panama, we separate coverage for "Structure" and "Contents". In order to apply for structure coverage we need:

1. $$$ value of structure (not including land). A recent "avaluo" (appraisal) or pics will help.
2. Name of insured (Owner)? Is the policy to be issued in your name or that of a Corp. or Foundation?
3. Exact address and type of Construction (Cement or Wood)? Rates differ by location (City, Beach, Island or Mountain?)
4. What is the proximity of the property to the ocean or a river?
5. Is the property exposed to landslide (close to a cliff or mountainside)? Landslide coverage requires an additional premium.
6. Copy of your Passport or ID of the legal Representative + RUC# (Corp. or Foundation)
7. Tel#, Cel#, email address?

¨Persona Natural¨ form (if property is in your name) or Persona Juridica form (completed by legal rep. of Corp.). This is an "anti money laundering" form required for every Panama policy with over $300 premium (more bureaucratic BS that must be kept on file in our office) Fill in the sections identified as ¨Datos Generales¨ and ¨Datos Ocupacionales¨ and sign where it says ¨Firma del Cliente¨. We will be glad to help you complete in the form.
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Free Panama Insurance!

Health InsuranceTourists visiting Panama will have free medical coverage for accidents....limited, but better than nothing:

http://www.panama-guide.com/article.php/20110201160918323

Spanish info:

http://www.generali.com.pa/SeguroalTurista.aspx
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The sad case of Greg McCoy!

Health InsuranceDon Winner at www.panama-guide.com has been helping this Canadian citizen after he suffered a terrible tragedy from of a mudslide. He lost his home, family and lies seriously injured in a public hospital hoping for an air evacuation back to Canada. A sad situation.......

http://www.panama-guide.com/article.php/2011011710280544
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Flood in my apartment!

Fire/Theft  Claims!After a rare night out until 1 AM, I came home to a flooded apartment! The small plastic tube feeding the toilet water tank had sprung a leak affecting my bathroom, bedroom, kitchen and laundry. After closing the main water valve to my apartment, I got to work mopping the floors enough to get by until morning. What a dilemma, but I was too tired to do anything at 2am!

Drifting off to sleep, I remembered that I sell and own a Multi-risk contents policy with Generali and called their emergency assistance tel# at first light. The policy has coverage for emergency plumbing, electrical, locksmith etc. A plumber was in my apartment within 2 hours and the leak was repaired. The only cost to me was the generous tip I gave him for showing up on Sunday morning.

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