Forlacol was founded in 1976 making it one of Panama’s oldest Insurance Broker Firms. The company was founded by Jaime Ford Boyd, former ambassador to the US and Spain, Zona Libre Entrepreneur, and current director of ASSA Insurance company.

 

 

 

 

The firm is currently managed by Ursula Kiener Ford who is the third generation in the company.

 

 

Besides Title Insurance we also do:

 

Health Insurance

Fire and Content

Car Insurance

Life Insurance

Yatch Insurance and all Other Types of Insurance for Individuals and Coorporations

Mortgage Brokering

We Represent

 

 

Contact forlacol@gmail.com or Ursula (507) 6676-5151 for more information on how we can advise you regarding title insurance, escrow services, or title search.

 

Disclaimer www.titleinsurancepanama.com and every other website of Forlacol Insurance Brokers are written by Ursula Kiener Ford and the contents of these pages are protected by copyright laws. If you wish to link to our page or to use one of our articles – please contact us prior to doing so.

The main risk which can be considered in Panama is that Catastro and Registro Publico are not in sync. Registro Publico is great and digitalized (you can access their website and find so much information.

 

 

https://www.registro-publico.gob.pa/

 

 

Then you have Catastro which is not digitalized and is not synchronized with the Registro Publico - and this is when problems arise. The most common problem is that the size of your lot is incorrectly marked because the finca has passed through so many owners or there is a previous denotation of the lot in Catastro which nobody was aware of until someone starts to build next to you and claims that part is theirs. Or there is a problem in inheritance that someone claims that the lot was in their family and the person who sold it to you was not authorized.

Then the problems begin and even if you are in the right you still have to hire lawyers (which are included in that cost - you would never have to pay additionally) to defend you.

 

What about apartments in Panama City?

 

 

(Punta Paitilla ~ Platinum and Mirage Towers)

 

 

Apartments in Panama City have lower risk than land, but they still present risk.

 

 

A resent example would be the Pacific Point Development in Punta Pacifica – where the developers bought the land and then developed the whole complex, then a year later comes Balbina Herrera (the Minister of Housing) and states that the developers did not comply with park regulations and now they must use part of the gated community as a public park.

 

 

This case is still in court, but if this does manage to occur and one of the inhabitants of this complex had title insurance then they would receive compensation because their property value has been lowered.