Car Insurance

[paulthetool]

hi all

i am down here in songklha andhave bouyght of 10 year old four wheel drive off my wifes cousin , i want to get 1st class insurance for it but my wife says this is not possible for the that age of vehicle ,whats the best way forward and can some one explain the bail bond, thing do i need it , does it come with the car insurance ,how much is it ? can any one recommend an insurance company that specialises in westerners driving over here , or a good reputable insurance company in the south many thanks paul the tool

[scorecard]

Some companies will not continue full insurance past a certain age, but there is no such law involved.

But there are companies that will continue forever.

Why not e.mail to ThaiVisa Insurance, you'll get a very prompt answer.

[ThaivisaInsurance]

Depending on the vehicle, if 1st Class is not available we can arrange cover called 2+1. This is the next best coverage below 1st Class but is significantly cheaper than 1st Class.

2+1 is the standard Third Party, Fire & Theft PLUS and agreed amount for your vehicle should it be damaged in an accident with another.

Bail Bond : all voluntary insurances include a Bail Bond

[thaiericsweden]

Description of the Bail Bond and how it works:

The Bail Bond is posted at the Police Station if you are involved in an vehicle accident that involves either a serious injury or death of a third party.

A serious injury is determined by the doctor's report.

The person has to sustain injuries that require in excess of 20 days for recovery.

The police have the right to hold you in jail.

The Bail Bond is a guarantee so you don't have to stay in jail / prison.

If the case has to go to court, another Bail Bond will be posted at the court so you don't have sit with the prisoners in the court-house.

Types of insurance available for your vehicle:

1. CTPL (Compulsory Transportation Public Liability).

2. Third party cover.

3. Three plus one cover.

4. Second class insurance.

5. Two plus one cover.

6. First class insurance also known as Comprehensive insurance.

The vehicle will most probably have the CTPL policy, as it is the minimum required by law to be legal on the road in Thailand.

The majority of insurance companies will not offer a first class insurance on 10 year old vehicles.

Your only options range from Third party cover to Two plus one cover. Below is an overview of each type:

Third party insurance

What is covered?

1. Third party victims injured in the accident. Includes all medical treatment costs.

2. Third party death. Includes compensation for death.

3. Third party property damages. Includes cost of repairs to other property.

4. Medical expenses cover for your passengers.

5. Personal Accident cover for your passengers.

6. Bail Bond to keep the driver out of jail in case of serious accident.

What is not covered:

1. Damages to the vehicle named on the policy.

2. Loss of income to a rental vehicle.

3. Loss or damages to personal belongings in the vehicle.

Three plus one cover

What is covered?

1. Includes everything a Third party policy covers and….

2. Additional cover against damages to your vehicle in the event your vehicle is at fault.

3. Three plus one polices designate a sum insured for your vehicle, repairs for each separate accident with another vehicle are covered to this limit.

4. There is a choice of deductible (2,000 Baht) or no deductible. It is preferred to choose policies without deductibles because customers almost always forget they have to pay a deductible.

5. Only accidents with other designated vehicles are covered.

6. The premium is fixed according to sum insured; there is no No-Claims-Discount.

What is not covered:

1. No cover if you cannot show proof of the other vehicle. Damage from hit and run accidents are not covered.

2. Parking lot dents/scratches due to unknown vehicles is also not covered.

3. Colliding with stationary objects (walls, posts, power pylons, sidewalks, and gates) is not covered.

4. Collisions with mobile objects (Rocks, Tree branches, animals…etc) is also not covered.

Second class insurance

This type of policy offers the same cover as a Third party policy with 2 additional benefits.

Cover against vehicle theft and cover against fire damage.

Two plus one cover

All the same benefits as a Three plus one policy with one more benefit described below.

Covers theft of your vehicle or damage due to fire to the sum insured.

I suggest that you purchase the insurance directly from a branch office of a reputable company in Hat Yai.

Pay at the office, ask for an official receipt or pay to their bank account.

The policy will be posted to you in the next few days or you can drop by an pick it up.

[vont]

Great info.

Thx u.

Description of the Bail Bond and how it works:

The Bail Bond is posted at the Police Station if you are involved in an vehicle accident that involves either a serious injury or death of a third party.

A serious injury is determined by the doctor's report.

The person has to sustain injuries that require in excess of 20 days for recovery.

The police have the right to hold you in jail.

The Bail Bond is a guarantee so you don't have to stay in jail / prison.

If the case has to go to court, another Bail Bond will be posted at the court so you don't have sit with the prisoners in the court-house.

Types of insurance available for your vehicle:

1. CTPL (Compulsory Transportation Public Liability).

2. Third party cover.

3. Three plus one cover.

4. Second class insurance.

5. Two plus one cover.

6. First class insurance also known as Comprehensive insurance.

The vehicle will most probably have the CTPL policy, as it is the minimum required by law to be legal on the road in Thailand.

The majority of insurance companies will not offer a first class insurance on 10 year old vehicles.

Your only options range from Third party cover to Two plus one cover. Below is an overview of each type:

Third party insurance

What is covered?

1. Third party victims injured in the accident. Includes all medical treatment costs.

2. Third party death. Includes compensation for death.

3. Third party property damages. Includes cost of repairs to other property.

4. Medical expenses cover for your passengers.

5. Personal Accident cover for your passengers.

6. Bail Bond to keep the driver out of jail in case of serious accident.

What is not covered:

1. Damages to the vehicle named on the policy.

2. Loss of income to a rental vehicle.

3. Loss or damages to personal belongings in the vehicle.

Three plus one cover

What is covered?

1. Includes everything a Third party policy covers and….

2. Additional cover against damages to your vehicle in the event your vehicle is at fault.

3. Three plus one polices designate a sum insured for your vehicle, repairs for each separate accident with another vehicle are covered to this limit.

4. There is a choice of deductible (2,000 Baht) or no deductible. It is preferred to choose policies without deductibles because customers almost always forget they have to pay a deductible.

5. Only accidents with other designated vehicles are covered.

6. The premium is fixed according to sum insured; there is no No-Claims-Discount.

What is not covered:

1. No cover if you cannot show proof of the other vehicle. Damage from hit and run accidents are not covered.

2. Parking lot dents/scratches due to unknown vehicles is also not covered.

3. Colliding with stationary objects (walls, posts, power pylons, sidewalks, and gates) is not covered.

4. Collisions with mobile objects (Rocks, Tree branches, animals…etc) is also not covered.

Second class insurance

This type of policy offers the same cover as a Third party policy with 2 additional benefits.

Cover against vehicle theft and cover against fire damage.

Two plus one cover

All the same benefits as a Three plus one policy with one more benefit described below.

Covers theft of your vehicle or damage due to fire to the sum insured.

I suggest that you purchase the insurance directly from a branch office of a reputable company in Hat Yai.

Pay at the office, ask for an official receipt or pay to their bank account.

The policy will be posted to you in the next few days or you can drop by an pick it up.