The Best Home Insurance in Thailand
If you’re not sure of what home insurance is best for your Bangkok condo, consider this covered (no pun intended)! The Bangkok Condo Finder team has scoured the city to bring you the list of the best insurance products for your prized investment.
The insurance products that have made our list were selected on the basis of the extent of the condominium insurance policy coverage, reliability of the insurance provide, and value for money that a condo owner earns from his purchase of the insurance.
Choose from these top five best condo insurance products in Bangkok:
NZI Thailand’s Comprehensive Home Insurance
NZI Thailand has an all-inclusive solution to your insurance needs. The Comprehensive Home Insurance package covers the structure against loss or damage (fire, earthquake, theft, water damage, etc.), accidental loss or damage of the contents of the property, personal possessions taken out of the property such as sports equipment, jewelry and tech equipment, personal accident that you and your family meets, personal legal liabilities, and even your legal liabilities on your domestic helpers and drivers.
NZI Thailand has very competitive policy rates so there’s no reason for you to pass up this wise investment for your condominium. And with almost three decades of operations in Thailand backed by the IAG Group in New Zealand, you are in a better position to protect your condo from unexpected risks.
AXA Insurance Public Co.’s SmartHome Insurance
From one of the world’s leading financial services companies, AXA presents the SmartHome Insurance to condo owners who want all-risk coverage but with a friendly premium. Aside from the physical structure, it covers death of the insured or his family members, domestic employees’ compensation, loss or damage of the home’s contents including personal finances and appliances, and the legal liability of the insured or his family members who cause damage to any third party.
What separates SmartHome Insurance from other products in the industry today is its coverage of the insured’s personal liability anywhere in the country. Aside from its Bangkok headquarters in Sathorn, AXA has also set up branches in Pattaya, Surat Thani, Phuket, Hua Hin, Chiangmai, Khon Kaen, Nakhon Sawan, Phuket and Hatyai to serve you better.
QBE’s Condo Secure Home Insurance
With 22 years of solid experience in the insurance industry, QBE Insurance (Thailand) has already cornered the market with its wide array of insurance products for maritime, contract works and professional indemnity. In terms of home insurance, the company offers Condo Secure – a tailor-fit solution to condo owners who need coverage of loss or damage to their property as a result of fire, explosion or lightning. What’s more, the insured has a 24-hour, world-wide accident insurance as part of the package.
QBE also offers separate insurance products for domestic fire, house helpers and even loss or damage of electrical equipment. If you’re in Bangkok, you can inquire about their very affordable packages from any of their professional agents in their head office located on Rama IV Road.
Bangkok Insurance’s Rak Baan Residential Property Insurance
If you want the convenience of protecting your Bangkok condominium at a very low cost, then Bangkok Insurance’s Rak Baan Residential Property Insurance is perfect for you.
For as low as Bt 646 for your premium, your property can be insured for up to Bt 500,000 for a year. Bangkok Insurance will replace all lost and damaged items including the unit (exclusive of the foundation), furniture and fixtures, appliances, equipment and other items as a result of fire, lightning, explosion, vehicular accident, water damage and falling objects such as aircraft as long as it does not exceed the sum insured.
Bangkok Insurance’s unparalleled customer service is famous in the city. Clients receive a response for their request in as fast as three days.
Generali Thailand’s Gen Home Insurance
One of the leaders in the insurance industry, Generali Insurance (Thailand) may just be less than a decade old in the local scene but its reputation in the country has been highly favorable due to the backing of Generali Group, a Fortune 500 company and Europe’s third largest insurer.
Many property owners have availed of GenHome Insurance, an all-risk product with a buyer-friendly premium. GenHome provides extensive coverage to loss or damage of the unit aside from the cost of temporary accommodation, loss of life to the insured or family members and domestic helpers’ compensation as a result of injury or disease.
Like the insurance products above, GenHome also protects the property’s contents against risks that are a part of the damage in your home and personal liabilities of the insured or family members wherever they may be in Thailand. A sales and marketing executive from Generali Insurance is ready to answer your queries whether through phone or in person at their head office on Wireless Road, Lumpini.
Whatever condo insurance you plan on availing for your Bangkok condo, make sure that you’ll gain that much needed peace of mind that only a reliable insurance provider can offer to cover your lost or damaged property and belongings.