Moto insurance in Panama - minimum coverage 1yr???
Fellow bikers,
I've just arrived in Panama, waiting for the bike to arrive by container from Cartagena.
Today I shopped around for 3rd party insurance. I went to 5 companies. All said that the minimum period for coverage is 1 year. Apparently there was a rule change in 2015. Before this date it was possible to have coverage for one month for around $15.
For 3rd party coverage, 1 yr, the price ranges from $62 to $225.
Companies such as Sura and Mapfe no longer offer insurance for motos (to risky / unprofitable).
Before buying, I was wondering what other riders have recently paid.
Cheers,
Bob
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