Wooden House Insurance Question

[E Max]

I have been told that you can not get insurance in Thailand if the house is more than 20% wood. Is this correct?

Does this mean that you could not get a bank loan on such a house as it would have to be insured as part of the condition for a loan?

Thank you

[AAInsuranceBrokers]

Yes you can but coverage is only offered by a few companies - HERE

[E Max]

Thanks for the link, as a general comment, how does it compare to at "traditional" concrete pillars, rendered blocks and steel roof?

It is often about double the cost?

I ask this as a general comment.

[E Max]

A link to do a quote is not what I am after as the house is not built yet, it is a proposition at this stage. There is a source of teak in the form of a old home that needs to be dressed.

[SICHONSTEVE]

Thanks for the link, as a general comment, how does it compare to at "traditional" concrete pillars, rendered blocks and steel roof?

It is often about double the cost?

I ask this as a general comment.

We got insurance for our Thai house and have been paid out on it after it burnt down (a year ago) - electrical fault from sub-quality wiring.

We are building a big Thai house now (over 200 sq metres) and will get this insured along with our other house and school as soon as it is completed.

[Chao Lao Beach]

Thanks for that info.

[Ace of Pop]

You can get insurance,they pay you a visit, and value the wood,if its genuine teak, naturally its worth heaps more than a Cement one,but as for normall cheap timber,i have no idea.. .