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Motor Insurance |
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| Motor insurance can be divided into two types : |
| 1. |
Compulsory Insurance covers bodily injury to or death of any damaged party, as required under the Protection for Motor Vehicle Accident Victims Act BE 2535 (1992). |
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| 2. |
Voluntary Insurance provides cover against damage to the insured vehicle caused by collision, theft and fire, including liability towards loss of life, bodily injury and property of third party. Three categories of policy are available under voluntary insurance. |
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| Main Coverage for Voluntary Insurance |
| 1. |
Coverage for Life, Bodily Injury and Health of Third Party (Third Party Bodily Injury : TPBI) : provides cover for bodily injury or loss of life sustained to third party, as well as bodily injury or death of passengers in the insured vehicle. The minimum loss insured by our policy is Baht100,000 for each person and Baht10,000,000 per accident, both of which are supplementary compensation to the legal coverage provided under Compulsory Motor Insurance. |
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| 2. |
Coverage for Third Party Property Damage (Third Party Property Damage : TPPD) : This covers legal liability towards damage to property of third party, with minimum loss insured by our policy of Baht200,000 per accident. |
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| 3. |
Coverage for Own Damage to the Insured Vehicle (Own Damage : OD) : This provides protection for own damage to the insured vehicle including components and accessories. The minimum sum insured by our policy is Baht 50,000 (Baht5,000 for motorcycle). However, except for duty-free vehicle, value coverage for each vehicle should at least be 80% of the vehicle price for first year insurance. |
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| 4. |
Coverage for Fire and Theft to Insured Vehicle (Fire and Theft : F&T) : Cover for loss and damage to the insured vehicle caused by fire, theft, as well as damage sustained from theft and fire to components and accessories. The minimum sum insured by our policy is Baht50,000 (and Baht5,000 for motorcycle). |
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| Apart from the above three categories of policy, we also provide additional protection for personal accident, medical expenses and bail bond. |
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| Main Coverage for Voluntary Insurance |
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Category 1 |
Comprehensive coverage, including all four types of coverage listed above. |
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Category 2 |
Protection for third-party (Coverage No. 1 & 2 above), and for loss to insured vehicle by fire and theft (No. 4 above). |
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Category 3 |
Covering liabilities against third-party only, as described under Main Coverage Nos. 1 & 2. |
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Category 4 |
Covering liabilities against third-party asset only which loss within 100,000 baht. |
