Renting a car in Thailand? Check the insurance!
Some tourists rent a car in Thailand, which can be done with major international rental companies, but also with local Thai entrepreneurs.
Given the hectic traffic and driving style of Thais, it is important that a rental car is properly insured. An all-risk insurance is called a 'first class insurance' in Thailand. Yet there are car rental companies that rent out the car without proper and complete insurance. It is important that you always check whether your rental car is properly insured.
Explanation Matthieu (Insurance in Thailand – AA Insurance Brokers):
“Code 110 or 120 is on the policy schedule of the First Class insurance. So there must be 120, what is on the rental form is not important, after all, the landlord can write down what he / she wants.
It is also always clearly stated at the bottom of the policy schedule for which purpose the insurance is intended. If it says “For private use only (not for hire rent)” then there is little reason for ambiguity and there is no rental insurance on the car.
Incidentally, many cars from Thai rental companies are not insured with rental insurance, but with insurance for private use. If you do rent a car with such insurance, then in the event of a collision it is important never to say that the car has been rented. After all, if the car is borrowed, there is no problem, unless there are “named drivers” on the policy.
Every First Class insurance also provides coverage in the event of bodily injury or death of the other party. However, these coverages are always limited, with good insurance up to a maximum of 2,000,000 baht per person. As a rule, this will always be sufficient. However, there are also First Class insurance policies that only cover 300,000 baht per person, which can be dangerously low. So pay attention to this too.
NB: No matter how well the rental company says the car is insured, just believe your own eyes. The original policy sheet must be in the car. If there is only a copy, ask for the original for inspection. Also pay attention to the expiration date!”
What if code 110 is stated on the policy schedule. Is the car owned by a private individual?
I quote “Code 110 or 120 is on the policy schedule of the First Class insurance. So there should be 120”.
For security and clarity.
Code 110 or 120 is listed here first, but Code 2 is listed in 120nd instance, so it should be there.
Isn't code 110 a first class insurance after all?
M curious.
Nico B
Have now verified this with the insurer, code 110 is for private car use, not for hire or rent.
If nothing is stated on the policy schedule after Driver 1 and Driver 2, then there is no restriction with regard to. the drivers, if there is something behind it, then there is a limitation.
If there is a limitation, the insurance costs a little less, about 10%.
Nico B
We have rented from Ezyrent in Bangkok for many years - favorable prices for long-term rentals. Never had any problems. Had minor damage once. Deductible paid, nothing else. No discussion