Home Owner’s Multi Risk or Fire Insurance

Fire Insurance covers the structure of a property - roof, walls, and ceiling. Rates depend on the material used for construction (cement, mixture of cement/wood, or wood) and the location of the property (urban or rural areas). Fire protection covers you for catastrophic damage such as earthquake, hurricane/windstorm, lightning, explosion, falling objects/vehicle impact, smoke damage, and debris removal. Flood and landfall can be included in this policy.

Your maintenance fee does not include fire damage.

Fire insurance is required by banks in order to obtain a mortgage.

Home Owner’s Multi Risk - Content + Fire Insurance

Protects the content of a property to a certain percentage (25, 50, or 100%) for theft. This policy can also protect you from theft outside your home, breakage of mirrors/crystals, electronic equipment, and civil responsibility (including fire).

Claims are based on good faith here in Panama, but it is recommendable to keep the receipts in case of a claim. Claims are based on depreciated value of objects.

Renters can apply for Home Owner’s coverage.

Companies give a 5% discount if you pay the full premium.

To get more information on Home Owners or Multi Risk Insurance or to get a quote, contact our customer service department at forlacol@gmail.com or by phone (507) 6676 5151.

This entry was posted on Friday, August 10th, 2007 at 2:22 pm and is filed under Fire Insurance for Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.