Let Us Find the Best Motorbike and Car Insurance in Pattaya
Thailand is a country known to have one of the highest rates of accidents in the world. From lax law enforcement to unskilled drivers on the roads, it is a country where you need to protect yourself when driving.
Thailand can also be a confusing country in which to get car and motorbike insurance coverage. It has six type of available insurance to cover car and motorbikes and knowing what the right coverage is for you can get confusing.
The levels of insurance coverage start with the most basic ‘Compulsory’ level and go up to the level of ‘First Class’. But whether you own, rent or lease your car or motorbike the contract you have with your vehicle supplier can have a bearing on the amount of coverage you need to have on your own.
Some of the contractual agreements you might have from the supplier of your car or motorbike might already provide for a certain amount of coverage. And you certainly don’t want to pay for coverage twice.
Different Types of Vehicle Coverage
If you have bought a brand-new car, obviously you want full coverage. You want to be insured against any liability as well as coverage for any damage your car might incur due to accident or fire, flood or any other unforeseen circumstance. First Class insurance will provide you with this level of coverage.
But if you have a used and ageing car, motorbike or scooter, having this much extensive coverage might not make sense financially. Coverage to provide for your medical needs in case of an accident and protecting yourself from liability is usually all you will be interested in having. And this is where the different levels of coverage come into play.
Making Sense of the Different Levels of Vehicle Coverage
Interpretations of the different levels of car and motorbike insurance available can sometimes lead to people thinking they are covered for something they are not. Because some terms are often misunderstood, you may find yourself having to pay for the results of an accident you thought you were covered for.
There are six types of insurance available in Thailand to cover private cars and motorbikes. They consist of:
- Compulsory (CTPL): Every driver on the roads of Thailand must have this basic level of insurance. It covers bodily injury and death. But, it doesn’t cover the cost of any damage to property of yourself or others. Driving on Thailand’s roads with only this level of insurance is not recommended as you still may be held liable for any property damage.
- 3rd Class: This insurance covers medical expenses as well as property damage to others. It also provides medical coverage for the drivers and passengers car or motorbike owned by the policy holder. It does not cover any damage caused to your own vehicle.
- 2nd Class: This policy is closely related to a 3rd Class policy. It covers everything that 3rd class policy does with the addition of fire and theft of your vehicle.
- 3 + 1: This policy offers the same amount of coverage as the 3rd class policy, with addition of offering coverage for damages to your own vehicle. However it only covers accidents that involve another driver and only if the other driver’s identity is known and documented. It will not cover if you have an accident where no one else is involved or you fail to obtain the other driver’s identity information.
- 2 + 1: This offers the same amount of coverage as the 3 + 1, but also covers your vehicle against fire and theft.
- 1st Class: This policy offers the best coverage as long as you specify how much the insurance policy will cover in the event of an accident. The amount of coverage will affect the rates charged, but it’s better to pay a little more, knowing you’ll be well covered against any uncertainty.
Pattaya Insurance Center works with foreigners and Thais alike to sift through the different types of insurance available and ensure that you are covered for your particular driving situation.
We can provide advice for what new and used cars and motorbikes need to be insured against in case of an accident. We can provide plans that provide for medical coverage, damage to your own vehicle and any liability against third parties that may have been involved.
We can also examine your rental or leasing contract and tell you exactly what is provided in insurance by the supplier of your car or motorbike. Pattaya Insurance Center takes the guesswork out of car and motorbike insurance coverage and provides you with safe and insured driving coverage whether you are on the roads of Pattaya or elsewhere in Thailand. Contact us so we may help you.