Welcome to Kevin Bradley - Insurance in Panama
Monday, June 26 2017 @ 01:23 PM EDT

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Panama Comprehensive Office Insurance

Fire InsurancePanama offices include a wide range of businesses, from Financial Consulting, Legal, Real Estate and Accounting firms to personal Private offices. Whatever the industry, they all have one thing in common—the need for commercial office space insurance. Panama Comprehensive Panama office insurance protects you from the unexpected events that happen in and around your office every day.

Property coverage protects your business and office equipment from loss due to fire, theft, explosion, earthquake, water damage, smoke and even looting/civil unrest.. Additional risks covered include electronic equipment (in or out of the office), breakage of glass and damage/loss to property belonging to third parties. There are even provisions for temporary relocation and business interruption expenses.


More........
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Panama Fire and Homeowners residential coverage!

Fire InsuranceDid you know that insuring your Panama property investments is one of the best bargains available?

Here in Panama, we insure building (structure) and the contents under separate policies at very reasonable rates.

The Ducruet fire insurance structure policy includes coverage for fire, explosion, earthquake, windstorm, flood and common water damages/filtration/leaks (this coverage is required for every mortgage issued from a Panama bank).

The Ducruet Homeowner's multi risk "Contents" package includes Fire coverage described above, as well as,Theft and Personal/General fire legal liability.

Theft coverage is for break in with forced entry, as well as, assault inside and outside the residence. The damage caused to the structure in case of break-in with forced entry is covered under this theft provision. Theft and damage to Electronic Equipment is also part of the package.

Here is a tool to help you determine how much "stuff" you own:

http://www.dfs.ny.gov/consumer/homeown/home_invchklst.pdf


Liability coverage extends to damage you may cause to your neighbors property from a fire or water leak initiating in your residence. If a third party is injured on your premises, there is Medical payments coverage and legal assistance.

This multi risk residential Homeowners package has added benefits including reimbursement for stolen credit cards, locksmith service, plumbing and electrical services in case of a domestic emergency. Some packages include ambulance service, free medical consultation and coverage for PETS.

How Much?

More.....
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Is a Panama "Waterspout" and "Windstorm" covered?

Fire InsuranceWith the occurrence of a large "Waterspout" in the vicinity of Punta Paitilla/Pacifica on Christmas Day several years ago, I was asked to express an opinion about the coverage available in the average Panama Fire policy.

If your policy has "extended coverage", the "windstorm" optional risk should pay for damages caused by wind (vendaval), Hurricane (Huracan), Tornado, or Waterspout (Tromba Marina). Driving down Via Brazil that afternoon, I couldn't believe my eyes as I witnessed the"monster" move near Paitilla, see the collection of pics below taken by Mike Horrell.

Here are some pics of that incident:

https://www.flickr.com/photos/45542507@N04/sets/72157650073953654/

For all coverage to protect your property call Carmen 322-1605 cdunkley@ducruet.com or call Kevin 6674-1063
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Quoting "Structure" Fire Insurance in Panama!

Fire InsuranceSince we do not insure land, fire insurance is quoted for the "structure" based on the purchase price/appraisal or estimated reconstruction cost. Remember, in Panama we separate structure and contents policies.

The standard Panama "structure" fire insurance policy will usually include coverage for fire, explosion, lightning, earthquake, windstorm, debris removal, flood and water damage, common water damage, filtration and leaks, and other coverage.

In order to obtain a TENTATIVE quote for structure coverage we need:

1. $$$ value of structure (not including land). A recent "avaluo" (appraisal) and 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, street and town (name of Condo/Building and apt #). 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.

With this basic information, we should be able to send you an estimate by email or telephone......322-1605, 322,1612
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Quoting Homeowners "Contents" and Liabilty Insurance in Panama!

Fire InsuranceThe homeowner's multi-risk contents package includes all the coverage of a standard fire insurance policy, as well as, personal/general and fire legal liability up to $100,000. The multi-risk package also covers Employers liability (domestic employees) up to $20,000, Liability for Independent contractors and subcontractors up to $20,000 and Medical payments for third parties up to $5,000 per person /maximum of $25,000 in case of an accident in the premises.

This contents package includes coverage for break in with "forced entry" up to insured amount, assault inside and outside the residence; damages caused to the structure in case of break-in with forced entry; $250.00 reimbursement in case your credit card gets stolen; locksmith service in case of a domestic emergency; plumbing and electrical services, as well as many other coverages.

High ticket items such as paintings, sculptures , collectibles, art work and rugs must be listed separately. The inventory should include the make/model/year or description and the $$$ value of the item. Electronic equipment coverage is part of the package up to a specific limit. More expensive electronics should be listed separately.

Here is a tool to help you determine how much "stuff" you own:

http://www.dfs.ny.gov/consumer/homeown/home_invchklst.pdf

In order to obtain a TENTATIVE quote for Muli-risk Homeowners contents coverage (including Liability), we will need:

1. $$$ value of the contents? Furniture, appliances, electronic equipment, artwork, jewelry?
2. Exact address of the residence (name of Condo and apt. #)? 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, intercom, anti-theft alarm, steel doors or bars on windows?
4. Are you planning to rent the property to third parties? A special "renters" endorsement is available.

From this basic information, we will send an estimate by email or telephone...322-1605, 322-1612
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Panama Breakin/Robbery coverage?

Fire InsuranceHere is an extract describing coverage available from a large multinational insurer here in Panama. The coverage is available within a multirisk comprehensive homeowners policy at a very competitive rate:

Robbery with forced entry or/and assault inside the residence (for general contents) 100% of the sum insured
Robbery with forced entry or/and assault inside the residence (for cash) 5% of the sum insured. max $300.00
Robbery with forced entry or/and assault inside the residence (for jewelry and watches) 15% of the sum insured, max $3,000.00
Robbery with forced entry in secondary buildings (guest house, warehouse, de) 3% of the sum insured
Stolen credit cards (applis only for the main insured) max $250.00
Assault outside the residence (for personal effects) max $1,000.00 (limites to $250.00 for cash

Call Carmen 322-1605 or email cdunkley@ducruet.com for a quote.....
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Panama Earthquake Assessment!

Fire InsuranceA study on the seismic risk of the western city of David, Panama, presented today by the Government and the World Bank, found that 35% of homes are vulnerable to an earthquake, and recommended a series of measures to minimize the impact of a possible natural disaster in the area.

http://www.panama-guide.com/article.php/20121003101001188

If you live in Chiriqui Province and would like a quote for Earthquake/Fire coverage, please call Carmen 322-1605
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Explosion in Condo Dos Mares, Panama

Fire InsuranceTwo men were injured recently in an Explosion/Fire at a condo in Bethania. The victims were doing maintenance in the kitchen/laundry area of Apt. 5-A when the gas blew! One is in serious condition, see the La Prensa link here:

http://www.prensa.com/uhora/dos-heridos-por-explosion-en-apartamento-en-dos-mares/34362

You may cover the contents of your apartment with a multi rsik comprehensive policy for less than $75 per year

Visit: http://panamakevin.com/article.php/20050811194944278
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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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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.