Why should I get an appraisal of my home or condo in Panama?
Fire insurance policies have an 80% coinsurance clause that will affect the $$$ amount you receive in the event of a claim for a fire or covered loss. You must insure the property for at least 80% of the actual $$$ value to receive 100% of the amount of total or partial claim.
Emergency numbers: : Police 104; Fire 103; Health 911
Did 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.
A recent Fire/Explosion affected the top floors of an apartment /condo building in the Carrasquilla district of Panama City. Several residents were seriously injured and there was extensive damage to the structure and contents. Cement does burn;
Emergency numbers: : Police 104; Fire 103; Health 911
Authorities are not allowing the residents of the condo to return to their apartments and have declared the building unsafe!
http://www.newsroompanama.com/news/panama/explosion-victims-may-remain-homeless
Earthquake coverage is included in Panama Fire Insurance policies. We separate "structure" and "contents" policies that usually include coverage for fire, explosion, lightning, EARTHQUAKE, windstorm, Debris removal, flood and water damage, filtration/leaks, and more.