El Neptuno in Sosua where I live is insured for replacement cost. We are insured for a dollar replacement cost and pay our premium in dollars. We are insured by Seguro Popular, an affiliate of Banco Popular and our agent is Angie Wolf.
We are covered against many things, but don't expect to be reimbursed for settlement cracks. We would be covered if damage done by an earthquake. When we had the 6.4 earthquake a couple of years ago there was almost no damage, so had nothing to claim. However, recently there was a serious electrical surge caused by a malfunction of our system. A lot of damage was done to electronics in the apartments and the insurance company paid.
I can only speak about the company we have our insurance with. The fact we have an agent who goes to bat for us helps a lot, too.
