Category Automobile Insurance

Although your Panama insurance policy is in Spanish, a "deducible" is the amount of money which the insured party must pay before the insurance company's own coverage plan begins. It is practical for insurance companies to include a deductible in their policies to avoid paying out benefits on relatively small claims. A typical Panama auto insurance policy, for example, may carry a $500 deductible for "colision". If the owner of that car accidentally hits another car while parking and both drivers agree the damage is minimal, he or she would pay the $500 repair bill out of his or her own pocket. Insurance companies would not encourage a claim for such minor damages.

The drive through Mexico and Central America is a wonderful experience, however, it's not an adventure for everyone. The following pages contain advice and detailed accounts of experiences while driving through Mexico and Central America. Check out this siet:

In some states in the USA, Uninsured Motorist property-damage coverage is available. Uninsured Motorist (no-fault) auto coverage would pay for medical bills and pain and suffering if you are hit by an uninsured driver. If your car is crunched by an uninsured driver and you have UM property-damage coverage, you'll be able to get your car fixed under this coverage, rather than using your collision coverage. Generally speaking, UM property-damage coverage carries a lower deductible than collision coverage...

In Panama Auto policies, the "Collision" or "Colision" option is designed to pay for the repair or replacement of the policy owner's vehicle in the event of an accident (collision with another vehicle, tree etc.), no matter who caused the accident. Collision coverage usually requires the payment of a deductible.

In Panama Auto policies, the "Comprehensive" or "Comprensivo" option, covers damage to your car caused by something "other than" a collision. This coverage typically includes claims caused by fire, theft, flood, vandalism, explosion, earthquake and falling objects (trees,rocks). More...

In Panama Auto policies, the "Medical Payments" or "Gastos Medicos" option covers medical expenses incurred by you and your passengers who may be injured in an automobile accident. There may also be coverage, if as a pedestrian, a vehicle causes bodily injury to you or a member of your family. More...

This was posted to the "Altos de Maria" Yahoo Discussion Group

Auto Insurance ... My View
Posted by: "Bob Askew" rtaskew@yahoo.com rtaskew
Wed Dec 12, 2007 9:18 am (PST)

Here's our experience:

We didn't realize / remember that ours did, but when we returned from a trip to the States and found a flat tire smiling back at us, we called Kevin for a suggestion. That's when he told us to look on our insurance documents for the phone number. The guy was there in a flash.

Buenos Dias Kevin, Carmen, and Rosita,

Dan and I wish to extend our heartfelt THANKS to all of you for helping us through the incident with the crazy lady at Price Smart who accused us of hitting her car. Kevin, you went way out of your way to assist us by coming to our aide in person. And Carmen and Rosita, your prompt response to my frantic phone call with policy number information was also greatly appreciated.

Hello Kevin,
Thanks again for all the help you gave us during the trauma with the van. It was a difficult time for me and you were a rock, which I know helped us through many tough spots. I am sorry when there was confusion. A lot of people were involved in coordinating the fix-it job on my end also. But it all worked out and everyone performed well. I have attached a note with some of my thoughts about the process. More..