Higher End Property Insurance

[Jenkins9039]

Hi, seems the local insurance companies go on size and a standard value ratio.

 

Any recommended insurance(s) for higher end real estate or asset insurance?

 

Have a vacation home on the beach - 30mTHB+ 

Have a main home just below a mountain -20m THB

Would like to have insurance that covers structure (especially beach property for Natural Destruction) and for the main home heavily orientated towards goods as we have a significant amount of art etc.

 

 

[topt]

Have you tried talking to a broker to get some ideas to see who may cover for your requirements. Like AA Insure for example as they have a few offices and may be able to recommend more specialist cover?

1 hour ago, Jenkins9039 said:

(especially beach property for Natural Destruction)

I am not sure anybody offers significant coverage for flooding these days - following 2011 floods. Mine is covered for a maximum of 1,000 baht.......Storm is however covered including Typhoon......

 

You also may have an exclusion if home is not occupied for 60 days so depends how often you visit the "vacation" home or if you have permanent staff there. 

 

As long as high value items are separately and individually noted I would have thought most companies would offer cover (perhaps not for artworks) but at a high premium.  

 

 

 

[Jenkins9039]

1 hour ago, topt said:

Have you tried talking to a broker to get some ideas to see who may cover for your requirements. Like AA Insure for example as they have a few offices and may be able to recommend more specialist cover?

I am not sure anybody offers significant coverage for flooding these days - following 2011 floods. Mine is covered for a maximum of 1,000 baht.......Storm is however covered including Typhoon......

 

You also may have an exclusion if home is not occupied for 60 days so depends how often you visit the "vacation" home or if you have permanent staff there. 

 

As long as high value items are separately and individually noted I would have thought most companies would offer cover (perhaps not for artworks) but at a high premium.  

 

 

 

Unfortunately all the insurance companies we've spoken to seem to insure based on the size of the property.

 

Thanks for the tip on AA Insurance, will scout them out.