samak Posted February 9, 2009 Report Share Posted February 9, 2009 anybody any experience on that? insurers? premium per million THB insured property? exclusions? i heard from many property owner that banks, which give the mortgaged loan, are taking care about this; but what if you paid cash? Link to comment Share on other sites More sharing options...
cavanami Posted February 9, 2009 Report Share Posted February 9, 2009 We use AIG. About 4000 baht for year for coverage on the house in Bangkok. House is worth 4M baht? or so. Link to comment Share on other sites More sharing options...
Mentors Posted February 9, 2009 Report Share Posted February 9, 2009 We use AIG.About 4000 baht for year for coverage on the house in Bangkok. House is worth 4M baht? or so. did they made a visit to your house? Link to comment Share on other sites More sharing options...
cavanami Posted February 9, 2009 Report Share Posted February 9, 2009 The sales lady comes to the house every year with the paperwork and to receive the payment. I think the tee rak has been using AIG for a few years and I am not sure if they made an inspection, at least I have never seen an inspection or paperwork to list up the items in the house (number of rooms, sq. meters, etc) but that may have been done years ago. Link to comment Share on other sites More sharing options...
samak Posted February 9, 2009 Author Report Share Posted February 9, 2009 does this include the house or also fixture and furniture? doesn't seem very expensive! Link to comment Share on other sites More sharing options...
dean Posted February 9, 2009 Report Share Posted February 9, 2009 4,000 baht does seem cheap. I was offered a policy by Siam Commercial Bank a couple of years ago of 28,000 baht for 3 years of coverage, which would cover the estimated value of my house at 4,000,000 baht for fire and flood but not against thief. I passed on nsurance at the time but if I rent out my house, I'll need to have it, and the contents, insured. Link to comment Share on other sites More sharing options...
samak Posted February 10, 2009 Author Report Share Posted February 10, 2009 is your house in Bangkok? Link to comment Share on other sites More sharing options...
dean Posted February 10, 2009 Report Share Posted February 10, 2009 No, its in Chiang Mai (actually about 14 kilometers outside of C.M. near Bosang). If I included the contents of the house, the total would be between 5 and 5.5 million baht. I haven't looked very hard but will for the week I'll be there in March. Link to comment Share on other sites More sharing options...
samak Posted February 22, 2009 Author Report Share Posted February 22, 2009 amazing! many board members own houses (through spouses or companies) or condos; though not many seem to insure their property! Link to comment Share on other sites More sharing options...
WorldFun Posted February 22, 2009 Report Share Posted February 22, 2009 Good observation. I think the same can be said for non board members & the general population... My 'insurance' for now is an alarm Link to comment Share on other sites More sharing options...
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