HOME OWNERS INSURANCE- PART 2
Following my article published a week ago, here are some of the most common questions asked: The percentages detailed are a guide only of what the policy covers, however each home or property should be analyze on a case by case basis.
| Electronic equipment (computers), including sub-limit for: | B/. 10,000.00 |
| -Mobile electronic equipment (portable computers) within Republic of Panama, including theft | 10% of the insured amount, B/.1,500.00 Max. |
| Anual Aggregate | |
| Theft of jewelry, gemstones, watches and precious objects, by force and assault within the residence |
15% of the insured value, B/.3,000.00 Max. For an insured value higher than |
There are different situations, please find bellow a small glossary to clarify the meanings.
Robbery is the crime of taking or attempting to take something of value by force or threat of force or by putting the victim in fear.
Forcing robbery: the direct taking of property (including money) from a person (victim) through force
Assault: An unlawful threat or attempt to do bodily injury to another.
Mysterious Disappearance Exclusion: in insurance, a clause exempting the insurer from paying for a loss if an insured event occurs without explanation. Mysterious Disappearance is excluded, always requires a force evidence (to in to the property if it’s close, or injuring the victim in case of an assault).
For example, an insurance policy on a diamond necklace may not provide the benefit if the necklace is lost or otherwise disappears for no apparent reason. The exclusion exists to prevent insurance fraud. Need to be an evidence of violence accompanied by a complaint to the authorities
Hope to be helpful,
JULIO LUQUE
J2L INSURANCE CONSULTANTS
Cel. 6206-4523 / 6612-4523
J2L@J2Lseguros.com
