Martinpeter Posted September 6, 2010 Share Posted September 6, 2010 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/. Link to comment Share on other sites More sharing options...
canopus1969 Posted September 6, 2010 Share Posted September 6, 2010 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: Link to comment Share on other sites More sharing options...
richardt1808 Posted September 6, 2010 Share Posted September 6, 2010 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 Link to comment Share on other sites More sharing options...
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