Insurance For Rented Townhouse

[griser]

I'm currently renting a townhouse in nonthaburi, I was wondering if anyone offers theft/fire insurance for these type of dwellings?

I see house insurance. I also see condo. but nothing for renters.

Greg

[ThaivisaInsurance]

I'm currently renting a townhouse in nonthaburi, I was wondering if anyone offers theft/fire insurance for these type of dwellings?

I see house insurance. I also see condo. but nothing for renters.

Greg

Thai Visa Insurance can offer tenants full cover for theft/fire etc.

For quotation please go : Here

[kamalabob2]

Your shopping and long term experience might be better with a native English speaking Insurance broker. You can however walk into any local office of most Auto Insurance companies such as "The Viriyah Insurance" company and the local agent will have brochures in Thai on RENTED dwellings. Common wall "condo" or separate unit house did not seem to make much difference. Most of the Thai Insurance companies have web sites, but frankly it really will worthwhile to have Thai Visa or another native English speaking insurance BROKER quote you some prices for a few companies. The Independent Broker can warn you of the "pitfalls" and that broker can be your contact with the Insurance Company. I enjoy the part about the conditions that a "claim" due to damage from Elephants and livestock are and are not covered.

[aussiebebe]

I'm currently renting a townhouse in nonthaburi, I was wondering if anyone offers theft/fire insurance for these type of dwellings?

I see house insurance. I also see condo. but nothing for renters.

Greg

All insurance companies will sell policies for renters - they don't care whether you are the owner or a tenant. I used to rent and it's seriously good advice to get some cover - policies are stupidly cheap. I didn't know about it so I asked on this forum and was given some companies, ended up going for MSIG Tel 02788-8888 but there are so many others I don't know which is the best.

I decided to find out after discovering that I'd potentially be liable for any damage to the property we rented, despite paying rent and not owning. Nothing bad ever actually happened, but the potential for misery smacked of unfairness.

A while later it was reported in the BKPost that fewer than 10% of Thais bother with insurance, and then there was a story about two Canadians who were arrested upon returning to Thailand, following a brief stay where their rented house had burnt down. Of course the houses owner wanted paying and hadn't any insurance so the two Canadians had to stump up the cash.

Personally I find it hard enough living in Thailand on a visa tied up with my job and work permit, I couldn't comprehend having to stay here, maybe in jail if I couldn't pay for a fire-damaged house, waiting for a court date with lawyers fees etc. Must be awful. Especially as Thai landlords rent out houses in potentially dangerous states (the electric wiring, faulty plumbing, poor roofing).

Having written all of the above; I've never actually had to make a claim on my policy, however I did make a claim when my car was stolen; I had a policy with the company called 'Thai Insurance' and was initially quite worried that they might try to find any tiny reason not to pay. However, they paid, in full, exactly what they originally stated that they would on the policy, albeit after 5 months, so I have quite a positive view of insurance companies in Thailand after the single claim I made.

Policies are cheap and insurance for renters isn't as widely publicized as it should be, in my opinion. Spread the word!

[Mercury]

All insurance companies will sell policies for renters - they don't care whether you are the owner or a tenant. I used to rent and it's seriously good advice to get some cover - policies are stupidly cheap. I didn't know about it so I asked on this forum and was given some companies, ended up going for MSIG Tel 02788-8888 but there are so many others I don't know which is the best.

I decided to find out after discovering that I'd potentially be liable for any damage to the property we rented, despite paying rent and not owning. Nothing bad ever actually happened, but the potential for misery smacked of unfairness.

A while later it was reported in the BKPost that fewer than 10% of Thais bother with insurance, and then there was a story about two Canadians who were arrested upon returning to Thailand, following a brief stay where their rented house had burnt down. Of course the houses owner wanted paying and hadn't any insurance so the two Canadians had to stump up the cash.

Personally I find it hard enough living in Thailand on a visa tied up with my job and work permit, I couldn't comprehend having to stay here, maybe in jail if I couldn't pay for a fire-damaged house, waiting for a court date with lawyers fees etc. Must be awful. Especially as Thai landlords rent out houses in potentially dangerous states (the electric wiring, faulty plumbing, poor roofing).

Having written all of the above; I've never actually had to make a claim on my policy, however I did make a claim when my car was stolen; I had a policy with the company called 'Thai Insurance' and was initially quite worried that they might try to find any tiny reason not to pay. However, they paid, in full, exactly what they originally stated that they would on the policy, albeit after 5 months, so I have quite a positive view of insurance companies in Thailand after the single claim I made.

Policies are cheap and insurance for renters isn't as widely publicized as it should be, in my opinion. Spread the word!

I think this is the reason to buy. Not because you have lots of expensive possessions but because the way the law is supposedly written up and interpreted is just wrong. I say supposedly because I don't have any case law of challenges where a judge has applied common sense. To any sane person, an owner should insure at least the buildings or take the risk of not being insured. There is no sane reason to think that a tenant should take out buildings insurance as the scope of buildings insurance is far wider than the tenant's responsibilities. Why on earth should a tenant take out coverage for subsidence, something routinely covered in buildings insurance ?

The downside is great as people can attest to. Whilst a Thai may say "mai pen rai" with an other Thai tenant, I doubt anything less than replacement gold plated taps will be required from a westerner. It is wrong that you have to take out this insurance but I would just look at it as a cost, as is rent. Thus, a Bt6000 policy equates to Bt500 a month extra "rent". I wouldn't even trust a Thai who said they had insurance. The risks are too great.

[jfchandler]

For me at least, the quote page referenced below is very unclear as regards renters insurance, both in terms of what needs to be covered, and what section to use, and what those policies actually cover.

For example, in the West, normal renter's insurance would only cover your contents and such, and maybe some personal liability for 3rd party injuries inside your home. That's because you could safely assume that the owner of your apartment building would be responsible and have coverage (fire, theft, liability, etc) for the building itself and surrounding grounds.

But here, for a farang living in Thailand and renting some residence here, the situation may be entirely different. I don't know that we can assume the owner of our residence has the necessary insurance. And even if they did, and there was some damage, I suspect they'd come after the farang tenant in some manner.

So my questions are:

--For a farang renting a house or apartment here in Thailand -- given the way the Thai legal and insurance systems work -- what types of insurance coverage should one have? Property damage, personal contents, fire, theft, personal liability??? And can the necessary coverages all be found in a single policy, or the right coverage would require multiple policies?

--In other words, here in this environment, does a farang renter only need to cover themselves with the normal rental contents/personal liability coverage that would be normal in the West. Or do we need to cover ourselves as if we were the owner of and responsible for the entire building in which we live??

--How should the farang figure the appropriate coverage levels? For example, I'm renting a two-bedroom, two bathroom 80 sq mt. apartment that is one floor of a six-story building that (other than me) is entirely owned and occupied by various members of one Thai family. I have no idea what the entire building is worth or valued at, or what the fixtures inside my floor, or the whole building, would be valued at.

--The ThaiVisa insurance quotes pages just has sections for house insurance and condo insurance. If someone is renting a traditional apartment or a non-traditional setting like mine, which type/types should we use. And how to respond if we don't know the value of various things other than our own personal possessions?

I'm currently renting a townhouse in nonthaburi, I was wondering if anyone offers theft/fire insurance for these type of dwellings?

I see house insurance. I also see condo. but nothing for renters.

Greg

Thai Visa Insurance can offer tenants full cover for theft/fire etc.

For quotation please go : Here

[ThaivisaInsurance]

For me at least, the quote page referenced below is very unclear as regards renters insurance, both in terms of what needs to be covered, and what section to use, and what those policies actually cover.

For example, in the West, normal renter's insurance would only cover your contents and such, and maybe some personal liability for 3rd party injuries inside your home. That's because you could safely assume that the owner of your apartment building would be responsible and have coverage (fire, theft, liability, etc) for the building itself and surrounding grounds.

But here, for a farang living in Thailand and renting some residence here, the situation may be entirely different. I don't know that we can assume the owner of our residence has the necessary insurance. And even if they did, and there was some damage, I suspect they'd come after the farang tenant in some manner.

So my questions are:

--For a farang renting a house or apartment here in Thailand -- given the way the Thai legal and insurance systems work -- what types of insurance coverage should one have? Property damage, personal contents, fire, theft, personal liability??? And can the necessary coverages all be found in a single policy, or the right coverage would require multiple policies?

Yes, one can buy an "All Risks" policy which covers both buildings and contents.

--In other words, here in this environment, does a farang renter only need to cover themselves with the normal rental contents/personal liability coverage that would be normal in the West. Or do we need to cover ourselves as if we were the owner of and responsible for the entire building in which we live??

To be on the safe side the answer is 'yes' - but fortunately the cover is not expensive.

--How should the farang figure the appropriate coverage levels? For example, I'm renting a two-bedroom, two bathroom 80 sq mt. apartment that is one floor of a six-story building that (other than me) is entirely owned and occupied by various members of one Thai family. I have no idea what the entire building is worth or valued at, or what the fixtures inside my floor, or the whole building, would be valued at.

You will only need to cover the area you rented - there is also 3rd Party cover should you damage to other parts.

--The ThaiVisa insurance quotes pages just has sections for house insurance and condo insurance. If someone is renting a traditional apartment or a non-traditional setting like mine, which type/types should we use. And how to respond if we don't know the value of various things other than our own personal possessions?

Contact Thai Visa Insurance and they can answer specific questions about your circumstances.