Information about Insurance

In Thailand they are 4 types of insurance

1. This is the compulsory type of Insurance which allows you to drive your car here and cost aprox. 700 Baht per year and only covers you for up to 50000 Baht max. per accident for personal injuries

2. Third party Ins. :| This is similar to comprehensive insurance and covers both damage to the other vehicles and passengers in the other cars as well as in your car. But does not cover damage to your vehicle. The amount payable varies from company to company but a maximum amount of ten million baht per accident is payable. 

3. Second party Ins.:| This is the same as the above but includes fire and theft.

4. First party Ins. :| includes all of the above including damage to your vehicle, but except No. 1

                Note: Numbers 2, 3, - 4 also include your bail money.    

Tips:

If you are involved in a slight collision, it is much easier to agree between the parties as to fault and cost of repairs up to an amount of say 5000 Baht, than to involve either the Police or Insurance Company. As any amount less than this would involve more time and worry and could cost more if the Insurance Company do not pay. 

Important to remember

If you are involved in a serious accident, where there is a lot of damage to the vehicles involved and injuries to persons, telephone your Insurance Company and get their assessor to the scene as quickly as possible.

Do not expect to receive the same cover that you would get in Europe, U.S.A., Australia and N.Z.

You do not have a choice of repairers.

You do not have a rental car assistance.

It's will take a long time (sometime a couple weeks) until your car is repaired.

Sometime the quality of repairs are not professional done.

Therefore insurance rates are not expensive like in Europe or USA.

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