Welcome to Kevin Bradley - Insurance in Panama
Saturday, April 19 2014 @ 10:31 AM EDT

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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.

More...

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OBTAINING A PANAMA DRIVERS LICENSE

Automobile InsuranceHere is current information sent to me by a client about the procedures for an Expat to obtain a drivers license:

As a foreigner, you can drive in Panama legally for up to 90 days with a foreign drivers license. Stay longer than 90 days and you need to have a Panama drivers license. Follow the Procedure below. Expect all of this to take 2 days.
Documents Needed:
• Resident Card
• Passport
• Driver's License from Country of Origin
• Blood Test
• Glucose Test (To show that your blood sugar levels are not outside the standard range)

More......
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Panama Transit Authority Accident Form!

Auto ClaimsThe "minor accident " form is available on line. The law has been enacted, but for the moment I recommend that you do not move the vehicle until your Insurance Company "roadside assistance" representative arrives at the scene to guide you.

Here is the link to the new "minor accident form" to be used in the event of a no fault type of collision:

http://190.34.149.228/formulario_unico.pdf

The link to the ATT website where the form is found is here:

http://190.34.149.228/servicios.php

Remember to visit these previous articles here on PK:

http://panamakevin.com/article.php/20060926125727138

http://panamakevin.com/article.php/20050822180105316
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Driving to Panama and Central America?

Automobile InsuranceHere is an article with many valuable resources posted to the LivinginCentralAmerica yahoo group:

Driving any type of vehicle to Central America?

Rainy season over, 'Snowbird' time is here.

Traveling soon to Central America?

Here are some UPDATED Web resources that may help you. Be super aware driving alone. If driving solo would recommend a dog. If heading to CR (crime free paradise outside of SJO?) not so, petty theft is endemic throughout Costa Rica and rising....read daily or weekly on the web:

www.insidecostarica.com/ Daily
www.amcostarica.com/ Monday to Friday
www.ticotimes.net/ Weekly
also
www.hondurasthisweek.com/ Weekly

never leave your vehicle door unlocked for even a minute, petty and violent crime is on increase world wide, due to circumstances beyond your control as endemic poverty and unemployment in many areas.

Hoping you speak some Spanish.

If you don't speak Spanish two good online resources to start to learn free are www.livemocha.com/ and www.123teachme.com/

Never DEMAND Police or officials, nor locals, speak English to you, you are a guest in their country.

Never....


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Fire in Shanghai Skyscraper!

Fire/Theft  Claims!Panama does not have the fire fighting capability to deal with a situation like this:

http://www.youtube.com/watch?v=wkt9-Cv63nM

http://news.yahoo.com/s/ap/20101115/ap_on_re_as/as_china_fire

Here's Don Winner's take on the situation as it may apply to condos in Panama....he has researched this danger for many years:

http://www.panama-guide.com/article.php/20101115095550600

Scary!