Car Owners Must Have Personal Insurance?

[ScottFtr]

Now before I start I have to say that I am assuming that this is a tactic by the insurance company to get us to take out another insurance policy.

Our car insurance was up for renewal about 2 months ago and we decided to stay with our same company. They tried to rise the price by 4000bt but i got it down to 2000bt rise which I was happy with because it was in twice for repair work.

They came for a deposit of 3000bt and the balance was to be paid on the day due and their guy was to come to the house to collect the money, several phone calls in the past 2 months and they have never came for the balance saying there was a delay with the paperwork.

They finally call today and tell my wife that there is a new law which states that all car owners must now have an additional personal insurance for driving.

Anybody faced this before, heard about such a new law or are my suspicions correct?

Thanks

[canopus1969]

Nonsense - but saying that maybe something lost in translation ?

[ScottFtr]

Nonsense - but saying that maybe something lost in translation ?

Well we already have first class insurance so what else could we need?

[canopus1969]

Nonsense - but saying that maybe something lost in translation ?

Well we already have first class insurance so what else could we need?

The Governemnt insurance - 646 Baht ?

[frankold]

Its correct. They won't let you tax the car again without it either. Only 500-1000 per year from what I remember though.

[ScottFtr]

We have the government insurance and taxed the car at the same time as the insurance was due.

[Nowhereman60]

It is a legal requirement in Thailand for cars to have Compulsory Motor Insurance (CMI or Por Ror Bor). This insurance is required by law with a set premium and cover rates. It only covers third parties and passengers. This is over and above the 1st class insurance. It cost somewhere in the 6 to 700 baht range.

[Tywais]

Its correct. They won't let you tax the car again without it either. Only 500-1000 per year from what I remember though.

Compulsory insurance (CTPL) has been required since 1992. Current price for sedan is 645.21 - http://www.aig.com/automobile_2112_341243.html

[stevenl]

We have the government insurance and taxed the car at the same time as the insurance was due.

Does the company for your 1st class insurance know you already have the compulsory insurance?

[ScottFtr]

We have the government insurance and taxed the car at the same time as the insurance was due.

Does the company for your 1st class insurance know you already have the compulsory insurance?

I don't actually know.

I must state this here, this phone call was not about the compulsory government tax. It was the guy saying that a new law had been passed which states that all car owners must have personal insurance which they would do for my wife for 6000bt a year.

As I stated in my original post I assume it's the company trying to scam us into taking out another olicy with them.

[Billmont]

We have the government insurance and taxed the car at the same time as the insurance was due.

Does the company for your 1st class insurance know you already have the compulsory insurance?

If you cannot Tax a car without the compulsary insurance then the 1st Class insurance company must know that you have it. As far as I am aware it is just part of the cost when re-taxing the car.

[gerryBScot]

This thread had me worried as I thought I didn't have the Compulsory Motor Insurance, "CMI". However seems as if it is part of my overall insurance policy as there is a section in the new quote marked CMI. I am being charged 967.28 for the CIM for my pick up. So if you are concerned check your policies as you may have CIM already.

[howzat]

All sounds a bit dodgy to me. My insurance reminds every year that renewal is due and I am fully covered including personal, accident ,third party and bail bond etc.

[joepattaya1961]

They're just trying to get the other THB 2,000 from the OP.

[NanLaew]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking <deleted>.

[JoePai]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking ave never had to take Life Insurance on all the cars I have purchasede though finance

I have never had to take Life Insurance on all the cars I have bought though finance !!

[stevenl]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking <deleted>.

Naw, he is simply talking <deleted>.

[hotrod4098]

been quoted 25000 for ford escort insurance ..first class..with finance company

any one got any other good companies to change to

[Tywais]

been quoted 25000 for ford escort insurance ..first class..with finance company

any one got any other good companies to change to

I've been using Viriya Insurance for a few years now and they have proved well worth it when a MC jumped a red light in front of me. The company dealt with everything from start to finish.

[Sharp]

As canopus said ..

Sent from my iPad using ThaiVisa app

[transam]

AA Insurance (Thailand) will answer all your questions via email AND fix all you need.

[hotrod4098]

AA Insurance (Thailand) will answer all your questions via email AND fix all you need.

thanx

[hotrod4098]

As canopus said ..

Sent from my iPad using ThaiVisa app

thanx

[NanLaew]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking ave never had to take Life Insurance on all the cars I have purchasede though finance

I have never had to take Life Insurance on all the cars I have bought though finance !!

Neither have I. Must be a farang thing.

[NanLaew]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking <deleted>.

Naw, he is simply talking <deleted>.

My post should have read "the loan company MAY want the lien holder to take out life insurance."

Based on personal experience.

Nothing whatsoever to do with <deleted>.

[NanLaew]

The OP refers to 'us' which suggests that his partner may be involved with the car ownership, car note and insurance.

A friend of mine with a car in his Thai partners name decided to refinance the car for a loan. The finance company required the vehicles registered owner (my friends Thai partner and loan applicant) to take out a life insurance policy. I would think that this is fairly common for any loans since if the applicant ups and dies, who can make repayment on the loan?

Maybe some finance company's require this to protect their loan since the vehicle (the asset securing the loan) is now in the name of the owner and not in possession of the new finance company?

When a car is bought new on finance, does the owners name go in the blue book straight away? Either way, the owner doesn't get the blue book with them named as owner until all payments have been made. Thus the car 'ownership' is still in finance company's name so no additional security is needed?

[stevenl]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking <deleted>.

Naw, he is simply talking <deleted>.

My post should have read "the loan company MAY want the lien holder to take out life insurance."

Based on personal experience.

Nothing whatsoever to do with <deleted>.

Sorry, but: you talk nonsense, are told about that, say 'I meant to say ...', so your post is not nonsense anymore?

[NanLaew]

If the OP's car is still on finance, the loan company will want the lien holder to take out life insurance.

If the car is bought and paid for already (owner possesses the blue book) and the government por ror bor insurance had aleady been paid in addition to the first class insurance, then the insurance salesman is talking <deleted>.

Naw, he is simply talking <deleted>.

My post should have read "the loan company MAY want the lien holder to take out life insurance."

Based on personal experience.

Nothing whatsoever to do with <deleted>.

Sorry, but: you talk nonsense, are told about that, say 'I meant to say ...', so your post is not nonsense anymore?

I never changed my comment, I suggested a correction and added that IN MY PERSONAL EXPERIENCE (see subsequent posts), the need for personal insurance, although unknown to you, is NOT unknown.

I am talking from my (friends) experience and always open to other views and your (friends) experience, however impolitely it is given.

I am not saying what I have experienced is standard but it has been my experience. My subsequent post #26 has four related questions. So far, you haven't commented much on the subject matter of this thread much beyond pointing out (twice) that one of my posts is nonsense in your opinion.

[stevenl]

Naw, he is simply talking <deleted>.

My post should have read "the loan company MAY want the lien holder to take out life insurance."

Based on personal experience.

Nothing whatsoever to do with <deleted>.

Sorry, but: you talk nonsense, are told about that, say 'I meant to say ...', so your post is not nonsense anymore?

I never changed my comment, I suggested a correction and added that IN MY PERSONAL EXPERIENCE (see subsequent posts), the need for personal insurance, although unknown to you, is NOT unknown.

I am talking from my (friends) experience and always open to other views and your (friends) experience, however impolitely it is given.

I am not saying what I have experienced is standard but it has been my experience. My subsequent post #26 has four related questions. So far, you haven't commented much on the subject matter of this thread much beyond pointing out (twice) that one of my posts is nonsense in your opinion.

I have given a possible cause in one of the first posts. If that was not the cause he is being scammed.

[Spoonman]

My finance company did not request life insurance.