Friday 5 March 2021

INS Cellular Insurance Covers Theft But Not Larceny

Currently the only insurer to provide coverage for a cellular phone is the state insurer, the Instituto Nacional de Seguros (INS). For ¢15.000 colones per year, the policy covers a loss of up to ¢500.000 colones.

gty_apple_ipod_touch_ll_120914_wblogThe policy holder will be paid in the event the insured cellular phone suffers damage from a natural causes, like a fire, lightning and earthquake, among other things. Also, if the cellular phone is damaged in an automobile collision.

However, when it comes to theft (robo in Spanish), herein lies the dilemma.

- Advertisement -

According to the Dirección de Operaciones (Directorate of Operations) at the INS theft is defined as “crime against property include the illegitimate seizure of chattels of others, through the use of force on objects or violence or intimidation of person”.

By this definition, the loss of a cellular phone by larceny (hurto in Spanish) or carelessness of the owner is not covered. Thus unless there is violence or force, like breaking into a home or vehicle,  being threatened by a weapon or taken in assault, there is no coverage.

The INS says, “it is a contractual obligation of the holder to protect and safeguard it (the property), so there must be evidence that the property was stolen and not by neglect or omission of the customer.”

Insuring an expensive cellular phone – smartphones like a Samsung SIII or iPhone5 –  for the first year could be a sound decision for the first year of ownership. Past the first year may not be so, as the cellular phone is depreciated 20% each year after the first. The INS policy also has  25% deductible.

- Advertisement -

Neither of the private insurers, ASSA and MAPFRE, do not have a policy for cellular telephones.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

MOST READ

Driver who severely beat anoter driver on the Autopista fired and being sued

QCOSTARICA - The images filled the morning news television screen, for no apparent reason, the driver of a big rig begins to beat with...

The year of the pandemic: the Juan Santamaría went from ‘bustling’ to desolation

QCOSTARICA - Within a few months, the Juan Santamaría International Airport or San Jose airport (SJO), went from being “bustling” to becoming a practically...

24 Travelers found with false covid-19 test at San Jose airport

QCOSTARICA - A total of 24 travelers, so far, face problems with the law when discovered trying to leave Costa Rica, through the San...

Bukele is on track to obtain a majority in the Congress of El Salvador

Q24N - The Nuevas Ideas (NI) party of President Nayib Bukele and partner Gran Alianza Nacional (GANA) party would obtain at least 56 of...

CCSS reports 149,812 vaccines applied against covid-19

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS) reports applying a total of 149,812 vaccines against covid-19, reaching a national application rate of...

Ivonne Cerdas to represent Costa Rica at Miss Universe 2020

Q MAGAZINE - Miss Costa Rica 2020, Ivonne Cerdas, will soon be traveling to Florida to represent the country in the Miss Universe pageant. After...

Former Soviet leader Mikhail Gorbachev celebrates his 90th birthday

Q REPORTS - The former leader of the Soviet Union and 1990 Nobel Peace Prize winner, Mikhail Gorbachev, who has been self-isolating to protect...

Today Costa Rica wakes up to an increase in fuel prices, the third this year

QCOSTARICA - At 12:01 am this Wednesday, fuels will be more expensive, as the third price hike of the year takes effect. The increase in...

US Latin America Policy Won’t Change Much, New ‘Thaw’ With Cuba Can’t be Ruled Out,

Q REPORTS - U.S. President Joe Biden is expected to outline his vision of Washington's Latin America policy at the next Summit of the...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.