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Obtaining Insurance

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Home / Preface
5 - Costa Rica in Brief
6 - Map of Costa Rica
8 - Symbols of Costa Rica
9 - Introduction
12 - Getting a Bird's Eye View
14 - Why Choose Costa Rica?
18 - Costa Rica Has Many Firsts to its Name
22 - A Place That Accepts All Races
30 - The Friendliness of the Costa Ricans
33 - Ticos are Individualistic
35 - Ticos Are Different and Procrastinators
38 - Why Others Have Gone Abroad
42 - Specific Reasons for Leaving Home
45 - Culture Shock
48 - Enjoy Your Retirement by Adjusting
49 - Ways to Adjust to Your New Life
56 - Making Your Stay More Satifying
58 - Cost of Living
67 - Addresses and Directions
69 - Your Car and Driving
71 - How Not to Be Obnoxious to Locals
74 - Adjusting to the Weather and Climate
76 - Choosing the Right Climate for You
77 - City Living versus Country Living
79 - Where to Live in Costa Rica
82 - Living in Your American Style
84 - Top Quality Health Services
87 - Medical Centers in San José
89 - Dying in Costa Rica
91 - Security and Safety in Costa Rica
94 - Personal Experiences of Petty Thievery
98 - Sex and Romance
101 - Going into Business Yourself
105 - Expatriates Production Enterprises
110 - Expatriates Service Businesses
114 - The Business Environment
120 - Helpful Tips for the Newcomer
125 - National Holidays and Festivities
128 - Religion, Churches & Support Groups
131 - The Optimism and Health Link
133 - The 8 Point Formula for Anti-Aging
134 - Obtaining Insurance
136 - Early Colonial History in Brief
139 - English Language & Tico Expressions
144 - Misdemeanors That Are Now Felonies
146 - Closing Words
148 - Bibliography
149 - For More Information and Contacts
151 - Appendix
155 - Index

Choose Only the Insurance You Need

The only legal insurance company in the country is the Instituto Nacional de Seguros (INS) which is totally owned by the government. That means that by law no one else can sell insurance in Costa Rica. But nothing can keep you from buying insurance abroad to cover your Costa Rican assets. It's advisable that you buy your insurance from a certified agent. He will give you a better deal, better advice and help you in circumstances where much red tape is otherwise involved.

Being a monopoly, INS is one of the most solid insurance organizations in Latin America. Internationally, it reinsures a considerable percentage of the risk. All of the policies have deductibles which are generally set by the Institute. On most types of policies the deductibles average 20% per claim. All insured values are in local currency colons. As the currency is devaluated on a daily basis, it's advisable to check your values periodically.

Home Owner's Fire and Natural Disaster Policy

Costa Ricans are not too keen on insuring their car or house but this attitude is gradually changing. Through the Institute you can cover your house - it alone or with its contents. Most local policy holders prefer to pay their insurance either semi-annually or every three months. You save more by paying annually. There are four types of coverage:

"A" (basic coverage) includes fire and lightning. "B" includes wind, cyclone, hurricane, explosions, smoke, and falling objects. "C" includes landslides and floods "D" includes earthquakes and tremors.

The rate to be paid is on a yearly basis for the four types of insurance. The amount is based on the estimated cost of rebuilding and does not include the value of the land, only that of the house.

Auto Insurance

This type of insurance is only on the vehicle. It covers the vehicle as long as the person has a valid license and was doing the driving when the accident occurred. In Costa Rica auto insurance is obligatory and paid yearly but it provides such a small amount of coverage that supplementary coverage is recommended. The minimum one must have in order to feel somewhat secure is liability coverage.

Order How to Retire Happily in Peacefull Costa Rica

All texts of How to Retire Happily in Peacefull Costa Rica are copyrighted © by Frank J. Thomas Gallardo and Editorial Texto Costa Rica. We recommend to buy a hard copy of How to Retire Happily in Peacefull Costa Rica.