ScottFtr Posted June 10, 2013 Share Posted June 10, 2013 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 Link to comment Share on other sites More sharing options...
canopus1969 Posted June 10, 2013 Share Posted June 10, 2013 Nonsense - but saying that maybe something lost in translation ? Link to comment Share on other sites More sharing options...
ScottFtr Posted June 10, 2013 Author Share Posted June 10, 2013 Nonsense - but saying that maybe something lost in translation ? Well we already have first class insurance so what else could we need? Link to comment Share on other sites More sharing options...
canopus1969 Posted June 10, 2013 Share Posted June 10, 2013 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 ? Link to comment Share on other sites More sharing options...
frankold Posted June 10, 2013 Share Posted June 10, 2013 Its correct. They won't let you tax the car again without it either. Only 500-1000 per year from what I remember though. Link to comment Share on other sites More sharing options...
ScottFtr Posted June 10, 2013 Author Share Posted June 10, 2013 We have the government insurance and taxed the car at the same time as the insurance was due. Link to comment Share on other sites More sharing options...
Nowhereman60 Posted June 10, 2013 Share Posted June 10, 2013 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. Link to comment Share on other sites More sharing options...
Tywais Posted June 10, 2013 Share Posted June 10, 2013 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 Link to comment Share on other sites More sharing options...
stevenl Posted June 10, 2013 Share Posted June 10, 2013 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? 1 Link to comment Share on other sites More sharing options...
ScottFtr Posted June 10, 2013 Author Share Posted June 10, 2013 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. Link to comment Share on other sites More sharing options...
Billmont Posted June 10, 2013 Share Posted June 10, 2013 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. Link to comment Share on other sites More sharing options...
gerryBScot Posted June 11, 2013 Share Posted June 11, 2013 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. Link to comment Share on other sites More sharing options...
howzat Posted June 13, 2013 Share Posted June 13, 2013 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. Link to comment Share on other sites More sharing options...
joepattaya1961 Posted June 13, 2013 Share Posted June 13, 2013 They're just trying to get the other THB 2,000 from the OP. Link to comment Share on other sites More sharing options...
NanLaew Posted June 13, 2013 Share Posted June 13, 2013 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>. Link to comment Share on other sites More sharing options...
JoePai Posted June 14, 2013 Share Posted June 14, 2013 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 !! Link to comment Share on other sites More sharing options...
stevenl Posted June 14, 2013 Share Posted June 14, 2013 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>. Link to comment Share on other sites More sharing options...
hotrod4098 Posted June 14, 2013 Share Posted June 14, 2013 been quoted 25000 for ford escort insurance ..first class..with finance company any one got any other good companies to change to Link to comment Share on other sites More sharing options...
Tywais Posted June 14, 2013 Share Posted June 14, 2013 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. 1 Link to comment Share on other sites More sharing options...
Sharp Posted June 14, 2013 Share Posted June 14, 2013 As canopus said .. Sent from my iPad using ThaiVisa app Link to comment Share on other sites More sharing options...
transam Posted June 14, 2013 Share Posted June 14, 2013 AA Insurance (Thailand) will answer all your questions via email AND fix all you need. Link to comment Share on other sites More sharing options...
hotrod4098 Posted June 14, 2013 Share Posted June 14, 2013 AA Insurance (Thailand) will answer all your questions via email AND fix all you need. thanx Link to comment Share on other sites More sharing options...
hotrod4098 Posted June 14, 2013 Share Posted June 14, 2013 As canopus said .. Sent from my iPad using ThaiVisa app thanx Link to comment Share on other sites More sharing options...
NanLaew Posted June 15, 2013 Share Posted June 15, 2013 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. Link to comment Share on other sites More sharing options...
NanLaew Posted June 15, 2013 Share Posted June 15, 2013 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>. Link to comment Share on other sites More sharing options...
NanLaew Posted June 15, 2013 Share Posted June 15, 2013 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? Link to comment Share on other sites More sharing options...
stevenl Posted June 15, 2013 Share Posted June 15, 2013 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? Link to comment Share on other sites More sharing options...
NanLaew Posted June 16, 2013 Share Posted June 16, 2013 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. Link to comment Share on other sites More sharing options...
stevenl Posted June 17, 2013 Share Posted June 17, 2013 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. Link to comment Share on other sites More sharing options...
Spoonman Posted June 17, 2013 Share Posted June 17, 2013 My finance company did not request life insurance. Link to comment Share on other sites More sharing options...
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