AAInsuranceBrokers

This month’s Q & A will be on Vehicle insurance. This covers all things (legal !) on the roads, from large lorries to pick-ups, cars and motorbikes – both large and small capacity.

Dean has again agreed to offer his establishment as a venue so we shall be at Papa Farang’s on :
Thursday 21st, starting at 13.00

Everyone welcome and refreshments will be offered.
Do bring any policies you may not understand and we shall do our best to help.

AA Insurance Brokers

Bupa. does both.

age limit for accident insurance?

For a sensible PA policy 80 is the upper limit

Can offer medical expenses cover for PA up to 600,000 Baht if required ?

Suggest go HERE

The above 2 posts are correct - you do not need to 'transfer' the Government insurance.

Theft insurance : this cover can be bought but note this is 2nd Class (Third Party, Fire & Theft) and not 'comprehensive' which is 1st Class and also covers damage to your bike.

For a quote please go HERE

1MB cover suitable for a modest condo would be perhaps 2500B/year and this should include some personal liability cover.

Whilst I may be prepared to take my chances with the theft of my own items (I dont consider this to be at all likely in my building), I would be more concerned about a possible bill if my toilet developed a water leak and flooded the downstairs unit with something evil. Or if my condo flooded and it damaged my own fitted woodwork or laminated flooring etc. Or even if the sprinklers went off for no reason whilst I was out.

There is also the question of whether the building insurance is enough to cover the interior fittings of a unit (kitchen, bathroom, tiles, lighting) as well as the concrete structure.

Please read my previous post, the Building Insurance will only cover the structure i.e if the whole condo fell down it would be rebuilt but all you will get is a concrete box no Kitchen, Bathroom, tiles etc - that is what your Condo insurance should cover when you buy it.

The building insurance taken by the Juristic person is enough (or should be - check !) forrebuilding the structure but you are responsible for everything else.e.g. your ceiling, floor, kitchen, bathroom etc. The cost of 'condo' insurance is not expensive but it could save you a great deal e.g. your pipe breaks and it dumps water on the occupant of the unit below you

How long is a piece of string and asking that sort of question on a forum will bring out so many different answers you will be even more confused.

Medical insurance is the most difficult as we are all different, our needs are different and things like budgets are different so there is no one easy answer,

At AA Insurance Brokers we ask questions before recommending certain policies and then only those companies whose service/claims records are good.

Should you want to take advantage of (free) help then please go HERE

Sorry but your agent(?) was talking rubbish - Theft insurance is available.

Please go HERE for a quote

There are P.A. (Personal Accident) policies which will cover to 600,000 Baht for medical expenses - and full coverage for medical expenses for m/cycle accidents should you be so unfortunate.

We can offer individual quotes for P.A. by going HERE

As you both live in the USA, and only visiting Thailand for 2 or 3 months, then a simple Travel insurance will suffice which you can take out before you leave

We have several different plans available to foreigners underwritten by Allianz and suitable not just for Bangkok International Hospital but for any hospital.

May we suggest you go HERE and ask for a quote ?

If the driver has no license then the first problem will be the Police as a report will need to be made by them

PoisonedinBKK

The premium you quoted is very high and I am surprised it does not cover you for Dealer repairs. If you wish, please email us a copy of the policy and we can check into it for you ?

Coverage

Compensation

Preliminary is initial amount paid without any proof of fault (claim within 7 days of the accident)

Medical service expenses

not more than 15,000 Baht

Loss of Life

Loss of organs

Permanent disability

35,000 Baht for person

Maximum coverage

(including preliminary coverage)

Bodily injury

Not more than 50,000 Baht

Loss of Life

Permanent disability

200,000 Baht

Medical Service Compensation

200 Baht per day but not more than 20 days

Note: If If it is proven that the driver is at fault, the insurer will only be responsible for preliminary compensation. The claim for preliminary compensation should be done within 180 days after the accident.

As Harry has suggested Life Insurance companies (as AIA is) cannot offer just Medical Insurance as they have the wrong license. The way they get around this law is to bundle the medical with Life insurance.

The 'rental' bike will be legal to ride under the CTPL (Compulsory Third Party Insurance) which costs a few hundred Baht. However you know the limitations of that insurance and obviously no claim for damage to the renters bike will be paid.

Sorry but rental insurance is not available for a single bike. Only possible for a rental company with multiple bikes.

There are many small insurance companies in Thailand all wanting business and they do this by cutting premiums. However something has to give and you will only find out when trying to claim.

Suggest staying with the 'foreigner friendly' companies - ask your Broker to help or, for a reliable company, please go HERE for a quote.

There are many options for Expats but with any financial transaction do please read the small print - not all policies are the same. We can offer very competitive rates but these will be based off shore i.e. Singapore, HK etc. This is because the rates within Thailand - governed by the OIC - are fixed and tend to be far more expensive.

For any quote please go to the web page HERE

AA Insurance Brokers can offer Disability Pension underwritten by Allianz > USD100/day.

Note : The amount of daily benefits and the disability pension cannot exceed 70% of gross annual income.

For more information please go HERE for quote

Moonsssker

Sorry we cannot offer a full payment policy for under USD8k but we can offer an AXA (full) medical policy for approx. USD9k per year for a 73 year old, guaranteed lifetime renewal.

This will give an annual benefit of 48m Baht (approx.USD1.6m)

Hi Somtom

I have sent you a PM but for any quotes please go HERE

If it is insured for theft you would have paid extra for the coverage

No need to pay any extra premium as the bike would be insured for theft under his 1st Class policy

Quite correct, you do not have to state where the bike is being kept for the insurance and the bikes are insured for any Driver.

Should the driver not have a valid license for a bike then the insurance is naturally void i.e. he is riding it illegally.

Stolen bike : this depends on different companies but 8 weeks is not long to pay out on a total loss – the companies have to check the bike has disappeared and it not an elaborate scam.

Yes we can offer insurance on a Tuk Tuk for 828 Baht per year.

Please contact us HERE for more information