Flooding And Car Getting Damaged

[robblok]

I will have to check my insurance, my car isn't damaged or flooded. I just wonder if like in the Netherlands natural disasters like this are excluded from coverage.

Does anyone has a clue ?

[aussiebebe]

Like you, my car is thus far unaffected as I live in Bangkok, but I wondered the same. I read my insurance policy and flood damage is certainly excluded. In fact I've kept copies of the insurance policies from three companies I've used; Thai Insurance, AXA and Southwest - none cover flood damage.

I feel awful for all the people affected by flooding, surely flooded cars are irreparably damaged; I've seen the flooded Honda factory with 100s of brand new cars submerged and flood water must ruin the interior with the stench. Who knows, Bangkok could yet flood as is predicted and my car will be ruined too for all I know! I'm just glad I bought a condo instead of a house in my wife's name and I bought a far cheaper car I could afford (Honda City). I see Thais really put a lot into their cars; they buy cars they don't need with money they don't have.

[rgs2001uk]

Like you, my car is thus far unaffected as I live in Bangkok, but I wondered the same. I read my insurance policy and flood damage is certainly excluded. In fact I've kept copies of the insurance policies from three companies I've used; Thai Insurance, AXA and Southwest - none cover flood damage.

I feel awful for all the people affected by flooding, surely flooded cars are irreparably damaged; I've seen the flooded Honda factory with 100s of brand new cars submerged and flood water must ruin the interior with the stench. Who knows, Bangkok could yet flood as is predicted and my car will be ruined too for all I know! I'm just glad I bought a condo instead of a house in my wife's name and I bought a far cheaper car I could afford (Honda City). I see Thais really put a lot into their cars; they buy cars they don't need with money they don't have.

An interesting point, " they buy cars they don't need with money they don't have'

Assuming most of these cars are bought on some sort of repayment plan, if the car is totalled due to flooding, whats to stop the customer stopping the payments?

The car is still the property of whoever the loan was secured from until the final payment is made.

Head for you nearest Tesco/Lotus, Bic C or whatever and get your car parked up in there.

Take it your insurance covers theft so no need to worry about flooding.

[meatboy]

Like you, my car is thus far unaffected as I live in Bangkok, but I wondered the same. I read my insurance policy and flood damage is certainly excluded. In fact I've kept copies of the insurance policies from three companies I've used; Thai Insurance, AXA and Southwest - none cover flood damage.

I feel awful for all the people affected by flooding, surely flooded cars are irreparably damaged; I've seen the flooded Honda factory with 100s of brand new cars submerged and flood water must ruin the interior with the stench. Who knows, Bangkok could yet flood as is predicted and my car will be ruined too for all I know! I'm just glad I bought a condo instead of a house in my wife's name and I bought a far cheaper car I could afford (Honda City). I see Thais really put a lot into their cars; they buy cars they don't need with money they don't have.

An interesting point, " they buy cars they don't need with money they don't have'

Assuming most of these cars are bought on some sort of repayment plan, if the car is totalled due to flooding, whats to stop the customer stopping the payments?

The car is still the property of whoever the loan was secured from until the final payment is made.

Head for you nearest Tesco/Lotus, Bic C or whatever and get your car parked up in there.

Take it your insurance covers theft so no need to worry about flooding.

and keep well clear of the car auctions

[Nomad97]

An interesting point, " they buy cars they don't need with money they don't have'

Assuming most of these cars are bought on some sort of repayment plan, if the car is totalled due to flooding, whats to stop the customer stopping the payments?

The car is still the property of whoever the loan was secured from until the final payment is made.

Aaahhh! I think you will find that a lot of the finance deals require a 'guarantor'. I guess the fiannce company is sitting pretty, come what may.

[robblok]

My car has been moved a while ago to a high rise parking space. Even if I was insured im not going to risk it. I don't need my car on a daily base. Today i took one of my motorbikes... that was an adventure because i had to cross some flooded parts.

[NanLaew]

Maybe that is why there is an incredible amount of covered and elevated private and municipal parking suddenly coming available for free. The Thai auto insurance companies exclude flood damage or loss so what can a car owner do?

Maybe this and subsequent governments can better serve the electorate by legislating that insurance companies provide this coverage; especially since current government has launched it's populist program aimed at the 'first time' car buyer. I consider it a safe bet that Thailand will be increasingly flood prone for years to come. The auto insurers can make money off that but they can't quite see beyond the fact that it will mean they will need to work harder than at present.

Edited October 15, 2011 by NanLaew

[thaifkrlim]

Motor insurance coverage practised worldwide, flood damage and other damage cause by natural disaster is an exclusion, you may opt to have it covered by paying additional premium

[kartman]

Motor insurance coverage practised worldwide, flood damage and other damage cause by natural disaster is an exclusion, you may opt to have it covered by paying additional premium

Don't think that will work too well here, can have a total loss without the risk of injury roll on yearly floods.

[beano2274]

I asked my wife to check, instead of phoning she went onto the Internet and said, yes the car is covered.

I will get her to check on the phone tomorrow, when I move the car to a high rise carpark.

Wonder if Pantip Ngam will open up for us.

[jumbo]

I have an insurance policy at AXA

I drove into a large piece of driftwood/tree during rain in flooded Ayutthaya.

I had some damages, up to 11.000 thb, insurance covered all...