In Bangkok, many people still prefer to have fully comprehensive car insurance cover. This way they can be assured that even in the worst-case scenario they will not be out of pocket. As in many countries, Thailand’s car insurance has a special system of controlling insurance premiums. The reason for this is that Thailand has one of the highest rates of road accidents in the world. As a result of this, all car owners here are expected to have comprehensive cover.
What Does A Comprehensive Car Insurance Do?
Comprehensive car insurance covers everything that could go wrong in an accident and is, therefore, a very important type of insurance coverage to have. It covers you and your vehicle in the event of an accident regardless of who is at fault. The premiums associated with this type of Thailand car insurance are generally low and reflect the fact that the risk of claim payout is low. While you should expect to pay a premium every month, you can reduce the amount by taking out a policy that pays out on a claim that has been made.
Medical Coverage
If you are involved in an accident and there are no other passengers or drivers in the car, Thailand car insurance will typically provide you with medical coverage. This will ensure that you get the treatment that you need without having to pay for it yourself. You will also be covered if the other driver involved in the accident has a medical condition that requires hospitalisation. For instance, if you are the driver of a rented car and it is involved in a car accident, the Thai car insurance company will usually provide you with hospitalisation benefits that cover your treatment costs and recovery time.
Rental Reimbursement Benefits
Thailand car insurance companies will often provide you with rental reimbursement benefits. This means that if your car is damaged in an accident and needs repairs, you will be able to claim back any rental fees you have paid. If you have your car repaired before the accident occurs, you may be eligible for a fee waiver. This means that you will not have to pay the full amount of the repair bill. Some companies will waive this fee if you prove to them that you will have the money available for the repair within a few days of the accident.
Vehicle Replacement Coverage
Another type of motor insurance (which is ประกันรถยนต์ชั้น 1 in the Thai language) is vehicle replacement coverage. This coverage will cover the cost of replacing your vehicle if it is totally destroyed in an accident. The insurance company will pay for the repair and replacement of your car. This coverage will not cover the car for damages done to the property of others. It will only cover the damages to your vehicle.
Shop Around & Compare
When it comes to choosing a Thailand car insurance policy, it is important to review the market whilst potentially using the services of one of the English speaking international law firms in Bangkok and compare the different policies that are available. Before you sign up for a policy, read everything in the fine print. Check what types of coverage are included and make sure you understand the terms and conditions. If you do all these things, you should be able to get the best deal possible on a Thailand car insurance policy. Once you have chosen the right policy, you can feel safe and secure knowing that your car will be protected.
