In Thailand, it’s important to properly secure and protect your house, from perils such as burning, lightning, water leakage, and natural disasters. Most home insurance policies in Thailand will cover the structural damage to your building and the contents of your home.
In comparison to other types of insurances in Thailand, home insurance policy selection is limited. Therefore you must consider the plan’s protection coverages and the prices available in the market.
The typical home insurance policy is a term policy that lasts for a set period of time. Every term, you must pay the premium for your home insurance to the insurer. If the house seems to be less likely to be damaged or lost, most insurers charge a lower premium for home insurance.
We’d like to introduce you to the most common insurance on the market right now that can provide you with the best premiums and benefits possible.
Condominium insurance is an insurance policy designed specifically for condominium owners. It usually assists you in the repair of your unit and property if your belongings are stolen or destroyed as a result of unexpected situations, such as fire, theft, or vandalism. Even if the building itself already has insurance, it may not provide protection for things that occur inside your specific unit.
Property insurance is one of the best protection you can get for your property, but it has its limit and exclusions. It may not cover plumbing, heating issues, or your possessions when you are away from home. With property insurance add ons, you can add any coverage you want to further protect your property against any surprise bills and unwanted conditions.
We at the Thaiger understand that buying a home is a once-in-a-lifetime opportunity; you’ve probably put in a lot of time and effort to build and purchase your home or condominium. That is why we work hard to provide you with the best range of home insurance choices so that you can find the right home insurance that will suit your needs. We simplify the process for you, so you don’t have to worry about complex and time-consuming procedures. With the Thaiger, your home insurance is just one click away.
When choosing home insurance in Thailand, you should think about the value of your home, any personal property you want to insure, and any valuable jewellery you want to keep safe. If you want home insurance that provides personal liability coverage or property damage maintenance coverage, make sure these options are explicitly stated in the policy.
Your home insurance typically protects you against two types of losses: financial loss and personal liability.
Financial Loss: If your home or personal belongings are stolen, or if any other unexpected situation stated in your property insurance policy arises, your home insurance will compensate you. If a disaster strikes, such as fire your home you will either be reimbursed for the expense of items such as furniture, electrical devices, and computers, or the insurance will replace them for you.
Personal Liability: This protects you from any claims of bodily injury or damage that occurs to other people in your home or accidents happening to a member of your household. For instance, if someone falls down your stairs or your child accidentally broke a neighbour’s window, you may be held legally responsible for the damages. Property liability insurance will protect you from these situations. It will help you pay for the medical bills and any legal expenses.