When it comes to protecting your car, there are three basic types of coverage that you can select. Liability insurance is the most common form of coverage as it covers any damages from accidents you cause to another car or person and also damages your car in an accident. Property damage liability will cover the same incidents and damages but for a different car or person instead. The third type of Car insurance coverage in Thailand is collision which covers the cost to repair damage done by you to your own vehicle in an accident.
Property damage liability will cover the same incidents and damages but for a different car or person instead. The third type of coverage is collision which covers the cost to repair damage done by you to your own vehicle in an accident.
If the car is stolen or damaged in an accident, collision coverage can pay for the repairs or replacement of your vehicle up to your selected coverage limit. Collision insurance does not cover damage from normal use such as potholes, vandalism, corrosion etc.
Collision coverage is optional and usually bought with liability insurance. Most cars come with $20,000 in collision coverage by law. If you can afford it, you should definitely buy collision insurance. Doing so protects you in case your car is hit by another car or hit by a tree or rock while driving on the road or hit by another person’s vehicle that doesn’t have enough insurance to cover damage to their car.
When you buy a car, it comes with an expensive minimum amount of comprehensive coverage. This is the minimum amount that you need to pay every year just to be able to drive the car on the road. Most vehicles will come with $500.00 in comprehensive coverage by law. However, if there is a large impact to the car, for example it gets totaled in an accident and has to be replaced, then more coverage can be added on top of the $500.00.
If you are looking to buy a new or used car, you must choose a car with the best possible coverage. You do not have to have all of the above coverages but at least have collision and comprehensive coverages added on to your vehicle so that in the event of an accident, you will not be left without anything. This can also protect you from any damage done by normal use.