The 80/20 co-insurance clause in Panama fire insurance is a policy condition that requires you (the insured) to carry coverage for at least 80% of the property's value. If the insured fails to do so, they will be responsible for a proportionate share of the loss.
Fire Insurance policies for structures in the Republic of Panama are similar to those issued in the USA, Canada and Europe. The basic fire policy also includes extended coverage for occurrences other than fire. This may include damage from Explosion,…
Linkedin post by Ariel Botello PUBLIC DISORDERS AND LOOTING: In these times of citizen tension, when unscrupulous people want to take advantage of what is not theirs, creating chaos and inciting the population to enter the private property by force,…
Fire Insurance policies for structures in the Republic of Panama are similar to those issued in the USA, Canada and Europe. The basic fire policy also includes extended coverage for occurrences other than fire. This may include damage from Explosion, Earthquake, Windstorm, Lightning, Smoke, Flood & Water damage,
This could happen to you:
http://www.panama-guide.com/article.php/20080823103629228
or
http://www.panama-guide.com/article.php/20060519193924770
Panama has very reasonable Homeowners protection to cover the contents of your residence for Fire, Theft, Liability. We insure the building and the contents under separate policies.
In UnityDucruet, 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. Coverage is also available for pets involved in automobile related accidents.
There are simple residential safes that are made with solid iron with electronic or mechanical locks. They offer a low level of security for intruders, but a high level of security for house-based employees; these are not fire resistant whatsoever. These are not easy to open in a non-violent manner and are resistant to simple manual tools such as hammers and chisels depending on the quality of the safe.
With the recent occurrence of a large "Waterspout" in the vicinity of Punta Paitilla/Pacifica on Christmas Day, I have been asked to express an opinion about the coverage available in the average Panama Fire policy. Driving down Via Brazil that afternoon, I couldn't believe my eyes as I witnessed this "monster" move near Paitilla.
It is important that you check your fire insurance policy to make sure that is contains coverage for flood and water damage.
Fire Insurance policies for structures in the Republic of Panama are similar to those issued in the USA, Canada and Europe. The basic fire policy usually includes "extended coverage" for occurrences other than fire.
A very serious Explosion and Fire occurred yesterday behind the Marriot Hotel in the Bella Vista Banking District. Several apartments were damaged and many autos parked on the street were totally destroyed.
Here is a link to the video from several perspectives: