Renewal Car Insurance

[Martinpeter]

Hi there guys/. read small print on policeys?

bought new Toyota Vios one year ago, added many extra's, skirts, dvd / gps, etc. (name some).

I have been looking around for new quote 1st class insurance. car cost 606,000 baht new (last year). thai visa, good quote! (very low), any or single driver.

BEWARE, READ POLICY - they only value car at 450.000 baht now? write off value end of 2nd year? (lose 150k plus)?.

so if i lose car, accident, write off, or theft, BIG DIFFERENCE

may sure, you undersatand this. I have found company to insure at a higher value now, for little, difference in premium...

So if i have to, replace car again, 150 k plus, difference on a 1 year old car?

Martin/.

[canopus1969]

Would not worry unduly - the only time you would ever have to claim for a complete car is if it caught on fire or simply disappeared - in Thailand they repair write-offs:rolleyes:

[richardt1808]

Hi,

I had a similar feeling when it happened to me the first time here.... yes it's true, they do apply a significant devalue formula. With some shopping around you may find a company who will give you a slightly better valuation, but yes, you can expect around 20% drop in value, especially in the first year and especially in a car in the 600K price bracket.

Cheers