up2you2 Posted January 18, 2012 Report Share Posted January 18, 2012 My insurance broker has just informed me of the following: Please note: All THAI Insurance companies have taken out EARTHQUAKE AND STORM DAMAGES and also FLOOD, according to their re-insurance companies. In my personal opinion this is not a very wise idea, as Earthquake covers also Tsunami damages. So what do you pay premium for, if this all is not covered? Does anybody know of a Thai insurance company that will still specifically provide EARTHQUAKE AND STORM DAMAGES and FLOOD damage, on their most recent or next renewal? Link to comment Share on other sites More sharing options...
up2you2 Posted January 28, 2012 Author Report Share Posted January 28, 2012 My insurance broker has just informed me of the following: Please note: All THAI Insurance companies have taken out EARTHQUAKE AND STORM DAMAGES and also FLOOD, according to their re-insurance companies. In my personal opinion this is not a very wise idea, as Earthquake covers also Tsunami damages. So what do you pay premium for, if this all is not covered? Does anybody know of a Thai insurance company that will still specifically provide EARTHQUAKE AND STORM DAMAGES and FLOOD damage, on their most recent or next renewal? After many enquires I finally found two companies that can help. Chartis offers 20% of the sum insured for buildings against flood damage, whereas QBE will give you 100% cover. Both companies will give you 100% cover against an earthquake and tsunami. Link to comment Share on other sites More sharing options...
Horneytorney Posted February 2, 2012 Report Share Posted February 2, 2012 thanks for this up2you2 guess that was to be expected. I believe most of the policies covered already before the flood desaster just a certain percentage of the total assets insured in case of flood and earthquakes Link to comment Share on other sites More sharing options...
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