by Kevin Bradley | Sep 26, 2019 | Fire Insurance
Since we do not insure land, fire insurance is quoted for the “structure” based on the purchase price/appraisal or estimated reconstruction cost. Remember, in Panama we separate structure and contents policies. The standard Panama “structure”...
by Kevin Bradley | Sep 26, 2019 | Fire Insurance
With the occurrence of a large “Waterspout” in the vicinity of Punta Paitilla/Pacifica on Christmas Day several years ago, I was asked to express an opinion about the coverage available in the average Panama Fire policy. If your policy has “extended...
by Kevin Bradley | Sep 26, 2019 | Fire Insurance
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...
by Kevin Bradley | Sep 26, 2019 | Fire Insurance
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....
by Kevin Bradley | Sep 26, 2019 | Fire Insurance
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;...
