New vehicle insurance over 85% and GAP insurance

[SGD]

Main dealer has come through with a maximum of 85% of new valuation (Bt1.3m) and whilst I've had this pushed up previously to 95% it seems to be a sticking point right now.

All the online aggregators seem to max out at either Bt800k or 80% or 85% but the vehicle is brand new.

We're looking at not using the dealer insurance if they cannot raise it over 85%.

Any advice and is there GAP insurance in Thailand ?

[flyingtlger]

Never use a dealers insurance....

[SGD]

On 3/6/2024 at 5:52 PM, flyingtlger said:

Never use a dealers insurance....

 

Why ?

 

I have done before at 95% of new value.

It isn't insured with the dealer, it is still insured through a reputable insurance company.

[Phantom57]

The reason I was told is that with all the vehicle scams going on here, the insurance company will only insure it for what they believe to be a fair price AT the end of the policy period. That is what the vehicle will be worth in 12 months time before the next renewal.

[JBChiangRai]

On 3/7/2024 at 12:52 AM, flyingtlger said:

Never use a dealers insurance....

Who do you use? Do you recommend them?

[steve187]

i have gap insurance on my mgzs