Magda Crespo Insurance& Asoc.

Insuring Your Future Today……….With Someone You can Trust!

We Made It!

• We finally made it to Panama.

• Bought a House and a car.• And we are going to

travel to Cuenca, Cartagena, Argentina, and so on.

• But what do we do if we get ill, or have an accident?

CAR INSURANCE• It is required by Law in

Panama to have at least liability.

• Can anyone drive my car and still be covered?

• Get enough coverage.• What do I do when

stopped by police?• What is the Maximum

liability in Panama?• What papers do I need to

have in my car?

1. Copy of my car title.2. Copy or original of

vehicle insurance policy.3. Copy of my passport or

my driver`s license.4. Minors Accident Report.5. Copy of my vehicle

inspection or “Revisado”.6. Book of the rules of

transit in Panama.

What to do in case of an Accident.

1. If someone is hurt, call 911, then call MAGDA.

2. Take pictures of the accident and plate number of the other car.

3. Call the emergency number from your insurance company.

4. Move the car out of the way, and wait for the police or the inspector.

Homeowners Insurance

Homeowners & Contents Insurance

1. Fire & Lightning2. Explosion3. Removal of Debris4. Impact from Vehicles5. Public riot damage6. Vandalism7. Extension of “Cubierta

Catastrófica”.

• Also the basics, plus:• Theft (by force)• Assault• Liability• Broken Glass• Electronic equipment

Health Insurance

Health InsuranceWhat do we need?Are there many deductible options?Will it cover me in US or other countries, or

only Panamá?Do I have to go througha series of lab tests in

order to get it?Will they cover my pre-existing conditions?What about Medicare?Does the plan meet Obama Care

requirements?

The Good News!• There is a Plan that will cover you 100% in Panama and

Internationally.• Maximum deductible is only $5,000• And yes! It could cover your pre-existing conditions,

depending on each case.• In country of residence (Panama), deductible is waved in

case of:HospitalizationsEmergenciesAccidents

• Their basic hospital is Punta Pacifica (John Hopkins Hospital affiliate).

¡Thanks!