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,…
After a rare night out until 1 AM, I came home to a flooded apartment! The small plastic tube feeding the toilet water tank had sprung a leak affecting my bathroom, bedroom, kitchen and laundry. After closing the main water valve to my apartment, I got to work mopping the floors enough to get by until morning. What a dilemma, but I was too tired to do anything at 2am!
Panama does not have the fire fighting capability to deal with a situation like this:
http://www.youtube.com/watch?v=wkt9-Cv63nM
http://news.yahoo.com/s/ap/20101115/ap_on_re_as/as_china_fire
Here's Don Winner's take on the situation as it may apply to condos in Panama....he has researched this danger for many years: