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More than 3,000 cars 'drown' in latest Bangkok flooding - insurance companies ordered to be "just"

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More than 3,000 cars 'drown' in latest Bangkok flooding - insurance companies ordered to be "just"

 

5pm.jpg

Picture: PPTV

 

PPTV revealed that more than 3000 cars were seriously damaged in the record breaking deluge and floods that hit Bangkok on Friday night.

 

Vehicles all over the city were abandoned or completely submerged in some underground car parks as torrential rain flooded the capital.

 

Losses are expected to cost insurance companies tens of millions of baht.

 

Now the overseer of the insurance companies wants standards to be followed in the claims procedure with a speedy and just resolution for affected people.

 

Dr Suthiphon Thaweechaikarn said that by yesterday claims had been received by 41 companies concerning 3,184 damaged vehicles.

 

Initial losses were put at 45 million baht but this is expected to rise as more claims are made.

 

Suthiphon's department said that claims must be dealt with quickly, efficiently and fairly.

 

A graphic showed what he meant when it comes to flood damage in cars.

 

Guidelines exist for different levels of payments with A - flooding up to the start of the engine compartment incurring compensation in the region of 8,000 to 10,000 baht. This rises as the water level rises with 15-20,000 for when the upholstery is affected (B) to thirty thousand and above for water that reaches above the front console (D).

 

When the car is completely submerged different rules apply.

 

Suthiphon estimated that most claims fell into the A/B range.

 

Affected people can call 1186 for assistance in matters related to claims.

 

The story was reported by PPTV who omitted to explain or give any details regarding the taxi being hauled through the air in our picture this morning.

 

Source: PPTV

 
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-- © Copyright Thai Visa News 2017-10-19

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Won’t be buying a car with a Bangkok registration for a long time cars that have been flooded are a constant trouble

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so how does that compensation work, if my car is flooded to the point the seats get wet I get compensated up to Bt.20,000 ?

That sure as shit aint gunna cover the cost of repairs.

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3 minutes ago, Techno Viking said:

so how does that compensation work, if my car is flooded to the point the seats get wet I get compensated up to Bt.20,000 ?

That sure as shit aint gunna cover the cost of repairs.

It sounds like another attempt at damage control :smile: 

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45 million baht are just peanuts compared to what these companies make in profits.

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8 hours ago, webfact said:

to thirty thousand and above for water that reaches above the front console (D).

That's just ridiculous . You can't fix a car like that. Dirty floodwater everywhere . Barely a difference between above front console or totally submerged.

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3184 cars damaged so far with 41 companies. That's just over  1million baht damage each company.

An average claim of around 14,000 baht. 

Basically the yearly premium on those cars will cover the damage. 

Not a hit at all for the insurance companies.. 

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Is this article written to make the reader pity the poor insurance companies?

With the premiums paid they almost cover the payout!!!

Ridiculous.

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Time to ask the officials who constantly denied the possibility of floods how they manage to walk on the water.

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Always assuming all he cars had full insurance. Actually, my sympathy is with the owners. A couple of years after I moved to Thailand my car was partly  submerged in the home driveway due to heavy rain causing a local dam to brake. Even though repairs were done (at the dealer) it's never quite the same.

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Does anyone have the small print in English for their insurance policies here? I'd be quite keen to see what my sum insured is for water damage as a maximum of 30k is a joke. I think I will try and get mine in English at my next service.

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Every car flooded to the dashboard is a write off as far as I am concerned.

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Maybe..... the insurance companies can start some form of class action against the incompetent government agencies responsible for water management

 

sure, not all flooding can be avoided, but a lot of it can be (or at least effectively controlled)

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18 minutes ago, alien365 said:

Does anyone have the small print in English for their insurance policies here? I'd be quite keen to see what my sum insured is for water damage as a maximum of 30k is a joke. I think I will try and get mine in English at my next service.

You have an insurance policy and you do not know what it says? :whistling:  Incredible.

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