House Insurance

[Negita43]

Any suggestions for competitive house insurance?

Thanks

[CGW]

I have no household insurance! unless you live in a wooden style house I don't see the point, if you live in a mass of concrete with minimal possessions like most, what is their to burn or steal?

[topt]

OP use a broker to get some copies of competitive insurers and their rates.

I ended up with NZI which is now under Safety Insurance Co in Thailand. Offers cover for individually named personal possessions which others did not at a reasonable price.

Make sure you read all the small print especially limitations and exclusions............

I used AA Insure in Pattaya to compare and eventually buy - http://www.aainsure.net/

[topt]

I have no household insurance! unless you live in a wooden style house I don't see the point, if you live in a mass of concrete with minimal possessions like most, what is their to burn or steal?

You may have "minimal possessions" but instead of "like most" have you ever considered you may be in the minority..........

[CGW]

^ I hadn't no!

[rawhod]

I have no household insurance! unless you live in a wooden style house I don't see the point, if you live in a mass of concrete with minimal possessions like most, what is their to burn or steal?

There are many more thing than fire that are covered by house Insurance.

For instance, what do you do when the earthquake strikes your "mass of concrete" ?

[MisterprakanBroker]

LMG has good house insurance and Viriyah. Our clients seem to like the plans that they offer.

[kamalabob2]

I've insured three homes through Eric Dohlon of Bangkok Insurance Brokers Co Ltd. He is based in Phuket, yet obtaining a written quote via e-mail has been easy while living in Isaan. In August 2017 I paid my second  term of three year premium of "My Happy Home" of Allianz C.P. insurance through this Thai citizen broker who speaks English and Thai. The discount for paying three years at one time is significant.  For a six hundred fifty square meter home with a swimming pool, pool house, three car garage and significant liability insurance I paid 31,724 for three years. That cost is 29 baht a day.  The price of one small bottle of domestic beer.

 

I pay significantly less for a 800,000 baht Buriram Village house. I took the time to list the make, model, serial number, purchase price of every item in the homes to better base the contents coverage. I made one claim five years ago and I was paid 100% of the actual REPLACEMENT costs of the items burned in a very small "electrical fire".  That fire was caused by the wrong electrical wire underground on fence post lights and the wrong style of conduit placed outside. The insurance company paid for a complete upgrade of electrical cable and conduit. Eric Dohlon was very helpful in that insurance claims process. he worked for me, and not for  the insurance company as he is an independent insurance broker and not a company employee or franchise insurance captive agent.  Insurance annual premium for a modest two bedroom rental home was less than 3000 baht a year through Eric Dohlon. 

[chiang mai]

AXA for building, content and liability, 2.5 mill, 500k and 5 mill. respectively, costs 5,600 year.

[colinneil]

On 5/28/2016 at 11:59 AM, CGW said:

I have no household insurance! unless you live in a wooden style house I don't see the point, if you live in a mass of concrete with minimal possessions like most, what is their to burn or steal?

 

Bit of a stupid comment.

I ive in a modern concrete house no wood only doors, some windows.

I have house insurance with MSIG, only got the policy in action for 5 days, had a serious storm.

Roof damage, ceiling down, water everywhere.

Put in a claim expecting problems. I was wrong, no problems asked to submit photos, quote.

MSIG accepted my evidence and are in the process of paying my claim.

First class service.

Anybody with no insurance in my opinion crazy.

[MissAndry]

I don't believe your comment is very fair Mr. Neil, insurance is a very personal choice.

Many of us have no property or personal items worth the cost of insurance, my only insurance is a 50k personal accident insurance, merely to save me the trouble of hunting for money if I have an emergency.

 

You aren't allowed to own property in Thailand, so there would seem to be little point in insuring something you don't own. (Condo structure insurance is the responsibility of the condo management as far as I can see).

 

What do you own in Thailand you consider worth insuring?

Edited August 27, 2016 by MissAndry

[CGW]

1 hour ago, colinneil said:

Bit of a stupid comment.

I ive in a modern concrete house no wood only doors, some windows.

I have house insurance with MSIG, only got the policy in action for 5 days, had a serious storm.

Roof damage, ceiling down, water everywhere.

Put in a claim expecting problems. I was wrong, no problems asked to submit photos, quote.

MSIG accepted my evidence and are in the process of paying my claim.

First class service.

Anybody with no insurance in my opinion crazy.

Mr Neil, thank you for your comments on my mental health - appreciated.

I live in a very sound concrete based structure that weathers storms very well! in fact with the double glazing we don't even notice storms coming through! Obviously you accept a lesser standard of construction if you are sustaining damage!

I have lived in Thailand over 25 years always "owning" properties, I have saved 25 years of premiums!  as never had any property damages! I'm "crazy"

Edited August 27, 2016 by CGW

[chiang mai]

1 hour ago, MissAndry said:

I don't believe your comment is very fair Mr. Neil, insurance is a very personal choice.

Many of us have no property or personal items worth the cost of insurance, my only insurance is a 50k personal accident insurance, merely to save me the trouble of hunting for money if I have an emergency.

 

You aren't allowed to own property in Thailand, so there would seem to be little point in insuring something you don't own. (Condo structure insurance is the responsibility of the condo management as far as I can see).

 

What do you own in Thailand you consider worth insuring?

 

Regardless of whether you own it, lease it, usufruct it or otherwise, if you have a financial investment in it, you should insure it to protect your investment. Plus, the combined policy of building, contents and liability costs peanuts, under 110 quid a year, the 5 mill. liability insurance element is worth that alone, to me.

[MissAndry]

5 minutes ago, chiang mai said:

 

Regardless of whether you own it, lease it, usufruct it or otherwise, if you have a financial investment in it, you should insure it to protect your investment. Plus, the combined policy of building, contents and liability costs peanuts, under 110 quid a year, the 5 mill. liability insurance element is worth that alone, to me.

 

I've lived in expensive houses most of my life, never had insurance apart from the minimum required by a mortgage company. Never had anything happen which would have required a claim either.

 

Hellova thunder and lightning storm going on outside ......... 

 

Edited August 27, 2016 by MissAndry

[rawhod]

 

or in your case...

YDPYMAYTYC