Car Insurance (with tax sticker)

[2009]

So, you know that insurance you get with your tax sticker, what does that actually cover?

 

I usually get 1st or 2nd class insurance in addition to that, although I know some Thais who don't.

 

So, what does that basic insurance with tax sticker actually pay out for?

 

 

[Etaoin Shrdlu]

The mandatory (Por Ror Bor) scheme provides limited medical expense, death and disability benefits to persons injured or killed in vehicle accidents. These benefits operate independent of fault and apply to drivers, passengers and pedestrians equally.

 

Medical expenses are capped at 80,000 per person, death at 500,000 per person and daily compensation while hospitalized is 200 per day.

 

This scheme provides no third-party liability coverage for either bodily injury or property damage, so it is not adequate to address major risks associated with ownership or use of vehicles. Acceptance of Por Ror Bor benefits does not extinguish a third party's right to claim damages against an at-fault motorist.

 

The legislation mandating this scheme was enacted because hospitals were complaining about bearing the burden of treating accident victims who could not pay even for basic treatment.

[2009]

Ah, okay, so it's basically health/life insurance, not vehicle insurance.

 

Cheers 

[Etaoin Shrdlu]

43 minutes ago, 2009 said:

Ah, okay, so it's basically health/life insurance, not vehicle insurance.

 

Cheers 

I tend to think if it as a modified personal accident cover.

 

The trigger for coverage is a vehicle accident, which is narrower than a typical PA policy. The insured/beneficiary is the general public, not the owner of the vehicle, which is wider than a PA policy There is also no requirement to identify the vehicle causing injury or death, meaning that hit-and-run type accidents are covered, so it isn't always specific to a vehicle.

 

It is basically a no-fault scheme intended to provide benefits to the general public injured or killed in vehicle accidents. It shifts some costs from hospitals and the public to vehicle owners, or at least to those who pay for the Por Ror Bor sticker.

[kwilco]

Basically if you drive your car through the wall of a house and run over granny watching TV,  they pay for Granny but you pay for the TV and the house.

 

[Ralf001]

1 hour ago, kwilco said:

 they pay for Granny 

 

But only up to 80k if granny lives.

[kwilco]

12 minutes ago, Ralf001 said:

But only up to 80k if granny lives.

If she lives the family may ask for more than the insurance will pay

[Ralf001]

15 minutes ago, kwilco said:

If she lives the family may ask for more than the insurance will pay

Absolutely they will... and you will also pay out of pocket for any medical expenses exceeding the 80k covered by the CTPI.