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New vehicle insurance over 85% and GAP insurance


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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 ?

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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.

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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.

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