OIC rushes to help flood victims in the North, resulting in a large number of people suffering from flood damage to their lives, properties, houses, cars, and agricultural products.

The OIC office would like to ask policyholders in the affected areas to check their insurance policies to see if they provide flood coverage. Insurance policies that provide flood coverage include Type 1 motor insurance, property risk insurance, fire insurance with additional flood coverage, and agricultural product insurance, such as rice insurance, corn insurance, and durian insurance. Insurance related to buildings is both voluntary and mandatory. For buildings, it is subject to the Building Control Act, which requires building owners, occupants, or operators of buildings of the type or category specified in the Ministerial Regulation to provide insurance for legal liability for life, body, and property of third parties in accordance with the criteria, methods, conditions, and insurance amounts specified by the Minister of Interior in the Ministerial Regulation with the advice of the Building Control Committee. Private buildings must comply with the said Ministerial Regulation.

This includes tall buildings, large buildings, extra-large buildings, assembly buildings, and hotels under the Hotel Act. Service establishments under the Service Establishment Act, including signs or structures for installation or installation of signs that are 15 meters or more from the ground or have an area of ??50 square meters or more, or signs that are installed or installed on the roof or deck of a building or any part of a building with an area of ??25 square meters or more, must arrange for insurance for legal liability for life, body, and property of third parties. Failure to comply will result in imprisonment not exceeding 3 months or a fine not exceeding 60,000 baht, or both.

As for insurance policies that provide coverage or are related to fire, such as fire insurance, it will provide coverage for the building, furniture, office equipment, stock, machinery, and decorations installed in the building.

It provides coverage for fire, lightning, and explosions of gas used for lighting or for residential purposes. As for fire insurance for residences, it will provide coverage for buildings or buildings used as residences (excluding foundations), property within the house, things attached to the building, or household appliances.

It provides coverage for fire, lightning, explosions, vehicle damage, aircraft damage, and water damage caused by leakage within the building. (excluding floods) including 4 natural disasters: floods, storms, hail and earthquakes, while property all-risk insurance (IAR) provides wider coverage than fire, such as theft and accidents from causes not specified in the exceptions, etc.

For cars damaged by floods, adhere to the standard practices for repairing flooded cars, which are divided into 5 levels: Level A: Flooded to the floor of the car, estimated repair cost 8,000-10,000 baht; Level B: Flooded to the seats, estimated repair cost 15,000-20,000 baht; Level C: Flooded to the lower part of the front console, estimated repair cost 25,000-30,000 baht; Level D: Flooded to the upper part of the front console The initial repair cost estimate is 30,000 baht or more, and the E level is the car completely submerged in water, in which case the company will refund the insurance premium to the insured or beneficiary.

If you have any questions about insurance, you can ask for more information at the OIC hotline 1186 or the website www.oic.or.th or the OIC Office Region 1 (Chiang Mai) 0-5311-2730-2.

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