Tag Fire Insurance

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:

Here in Ducruet, we have designed a special program to cover your property and extend certain coverage to your TENANTS.

First of all, we recommend that you insure YOUR contents under a homeowner´s multirisk policy. This policy will include coverage for fire, theft, explosion, earthquake, hurricane/windstorm, flood, smoke and water damages.

Why do I need fire insurance in a cement condominium? Click on the link from our friends at Panama Guide to see this scary video...

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?