Who is Kenneth S. Krans Negrón?
A Licensed Insurance Agent based in San Juan, Puerto Rico, and also licensed in Texas, with more than 30 years of experience across property, earthquake, travel, life, disability, annuity, and business coverage. He works with homeowners, business owners, professionals, and Act 60 residents. Puerto Rico OCS license #13993.
What types of insurance and areas do you cover?
Property, earthquake, flood, travel medical, life, disability, annuities, and business insurance, primarily across Puerto Rico, with licensing in Puerto Rico and Texas.
Does homeowners insurance cover earthquakes in Puerto Rico?
Usually yes. In Puerto Rico, earthquake coverage is commonly built into the dwelling policy and required by mortgage lenders, unlike the U.S. mainland where it is excluded and sold separately.
What is the earthquake deductible in Puerto Rico?
Deductibles are a percentage of the insured value. Windstorm typically runs 2 percent and earthquake 5 percent. On a $400,000 home that is $8,000 for wind and $20,000 for earthquake before the policy pays.
Is flood covered by property insurance in Puerto Rico?
No. Flood is usually the missing peril. It is not part of the standard dwelling policy and requires a separate NFIP or private flood policy.
Are detached structures like pools and fences covered?
Often not, unless specifically named and valued on the policy. If damage lands only on those structures, the percentage deductible can exceed the loss and leave nothing paid.
Does my health plan or Medicare cover me when I travel abroad?
Usually not once you leave Puerto Rico or the United States. Most plans are network-based and end at the border, and Medicare generally does not cover care outside the United States. Travel medical insurance fills that gap.
Should frequent travelers buy single-trip or annual travel insurance?
Frequent business travelers and Act 60 residents usually benefit from an annual multi-trip policy that covers unlimited trips for the year, each up to a set number of days.
Does insurance change for Act 60 residents in Puerto Rico?
The risk environment (seismic, hurricane, and construction costs) is different from most mainland states, so property limits, earthquake deductibles, and travel or international medical coverage are worth reviewing when you relocate.