Motor Insurance

Motor insurance is a type of motor insurance coverage to the insured in case of loss or damage arising from using the motor vehicle. The insurance for the damage caused by using the car consists of damage to the insured vehicle caused by the vehicle to the life, body and property of third parties. Including the person who is the passenger in that car

Motor Insurance is 5 of voluntary insurance: cover 1, 2, 3, 2+, and 3+. All five covers differ in conditions of coverage. Cover 1 is the type that has the highest range, such as coverage for the insured’s car and the other party’s, loss of car, fire and theft etc.

Sum insured means the maximum amount of coverage the insurance company will pay the car’s owner if the vehicle is damaged so severely that it cannot repair. Or in the event of a lost car, The insurance company will pay liability for the sum insured agreed in the policy.

Deductible or Excess is the expense the insured has agreed with the insurance company to be jointly responsible. The deductible also affects the premium. The premiums will reduce if the insured is willing to be responsible for the first part of the damage.

Choosing car insurance There are categorized types of insurance as follows:

1. Motor Insurance cover 1

Coverage all risk include loss of or fire, flood damage to the car and collision with and without counterparties.

Naming the driver saves premiums. If the car is used by only one person or not more than 2 people, specifying the driver’s name in the policy can help reduce the premium. Each driver will receive a different premium discount depending on the age range. If aged 18 – 24 years old receives a 5% discount, those aged 25 – 35 receive a 10% discount, those aged 36 – 50 receive a 15% discount, and those Aged 50 years and over receive a 20% discount case specifying the driver’s name (for sedans, code 110), must specify the driver’s license number of at least 1 driver and notify each job using the age of the youngest driver in Calculation of insurance premiums ( only 2 drivers can specify) by calculating the age of the driver from Current year in which coverage begins – Year of Birth.

(In the case of insurance, specify the driver’s name. If the driver of the insured car at the time of the accident is not the driver named in the insurance policy, the accident is the driver’s liability. Or outsiders but did not know the person responsible. The insured will be responsible for the accident. In property damage, the first 2,000 baht and the first 6,000 baht of damage to the insured vehicle)

2. Motor insurance cover 2

Coverage for third-party liability, fire, and theft insurance.

3. Motor insurance type 3

Coverage for third-party liability only

4. Motor insurance cover 2+

Coverage for third-party liability, car collision, fire, and theft insurance.

5. Motor insurance type 3+

coverage for third-party liability and car collision insurance

6. Compulsory Insurance

All vehicles are required by law to have insurance because it is for their protection.