Does my Panama Fire Policy Cover "Windstorm"?

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. If your policy has "extended coverage", the "windstorm" optional risk should pay for damages caused by wind (vendaval), Hurricane (Huracan), Tornado, or Waterspout (Tromba Marina). For coverage to protect your property call Kevin 322-1603 or Carmen 322-1605 More...

Please read your policy or call your insurance broker to confirm that you have windstorm coverage in your fire policy. The deductible for Vendaval/Windstorm is 2%. The pics were taken by my good friend and fellow Aggie, Juan Lyew.

My largest casualty claim occurred several years ago with the destruction of a children's clothing factory in Panama City.

The company manufactured a label for Disney and employed 400+ workers in 2 shifts. A "waterspout" come ashore and settled over the building causing it to implode upon itself. It was a horrible tragedy with several deaths and total devastation. Their fire insurance policy, which included coverage for windstorm coverage, paid in full.