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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, Earthquake, Windstorm, Lightning, Smoke, Flood & Water Damage, Falling Objects, and Debris Removal after an incident. Here is an example of coverage available from a large Multi-National Underwriter:
  • Fire / Earthquake, Lightning/Explosion
  • Windstorm / Hurricane Impact of falling objects
  • Debris Removal Explosion
  • Esthetic Restoration (5% of the sum insured) Smoke Damage
  • Alterations, Modifications, and Additions Flood and Water Damage
  • Breakage of glass/windows (Sub-Limit$.30,000.00)
  • Damages to the structure as a consequence of robbery (5% of the sum insured)
  • Electrical Damages (80% of the sum insured)
  • Intentional/malicious damage and looting
  • Common water damages, filtration and leaks (20% of the basic sum insured)
The rates for Fire & Extended Coverage are determined by the type of construction and location. Cement construction pays the lowest rate, composite (cement + wood) will pay a slightly higher premium, and wood construction at the highest rate, must be quoted on an individual basis.


  • Fire/Explosion/Sonic Boom – no deductible
  • Earthquake and Windstorm / Hurricane: 2% of the sum insured with a minimum of $250.00
  • Flood and Water Damage: 1% of the sum insured with a minimum of $.250.00
  • Common water damage: 1% of the sub-limit for this coverage
  • Filtration and leaks: 10% of loss with a minimum of $1,000.00
  • Intentional/malicious damage: $250.00 per event
Buildings, houses or Condos located in or around the major urban areas have the most favorable rates. Structures located on islands or other rural areas may be subject to inspection by the insurance company and will pay a special premium.
Call my associate Carmen 6613-1063 or Kevin 6674-1063 for a customized quote or send an email:  RTecuerda tel de Carmen es 6613-
10.  En Panama Homeowners:
The current premiums for a standard multi-risk policy for a cement dwelling near a major urban area are:

$10,000 is $55.00/year. + 5% tax. $20,000 is $110.00/year + 5% tax.

You are entitled to an additional 5% discount if you pay the full premium within 30 days.

If you have questions or want a quote, email Kevin: You may call Kevin +507-6674-1063 or Carmen +507-6613-1063

Panama Kevin