In Panama, we separate coverage for "Structure" and "Contents". In order to apply for structure coverage we need:
1. $$$ value of structure (not including land). A recent "avaluo" (appraisal) or pics will help.
2. Name of insured (Owner)? Is the policy to be issued in your name or that of a Corp. or Foundation?
In order to issue coverage for the Muli-risk Homeowners contents coverage, we will need:
1. $$$ 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.
Another 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 $$$.
In 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..
Great 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!
Has 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!
By Carmen Dunkley
The mall is full, no spaces available and you decide to park in front of a “No Parking” sign where the sidewalk is painted yellow. Two hours later, you walk out the mall and your vehicle is gone? You should consider the possibility your car has been stolen, but it may have been towed away by the A.T.T.T.
Shell Oil Safety Alert!
Here are some reasons why we don't allow cell phones in operating areas, propylene oxide handling and storage area, propane, gas and diesel refueling areas.
The following is the very detailed description of a car accident experienced by one of my clients, from "crash to courthouse". This is a complete account of what you may expect to encounter if you have a minor fender bender on our streets:
My car accident in Marbella
Two 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: