Building insurance

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Building insurance

Postby Sunpax » Tue May 17, 2011 11:56 am

How can I Insure the all build process for my house ? if something happen ! does is existe here in Thailand some kind of insurance ?

Thanck you
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Re: Building insurance

Postby pattayapope » Wed May 18, 2011 10:06 am

Sunpax, I don't think you can insure during the build but after completing it is a simple matter to get insurance on the property. Secrete is don't pay builder too much in advance and keep enough back so he completes to your satisfaction.
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Re: Building insurance

Postby Etchingham » Tue Jun 28, 2011 5:54 pm

<off topic post removed ... not applicable to Thailand>
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Re: Building insurance

Postby Shastadad » Tue Jun 28, 2011 5:59 pm

Etchingham are your referring to the US or here in Thailand ?
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Re: Building insurance

Postby Sunpax » Tue Jun 28, 2011 6:53 pm

I meet some Thai people last time when I was dinner at a nice beach restaurant...and the owner of the place ask me at wich stage was my house construction and say I must take a building insurance and that's what his husband do !...she mean insurance for the building process...well I had no time to go there ....but i will go next week to speak with her again and take some more precise informations !
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Re: Building insurance

Postby sirineou » Tue Jun 28, 2011 8:52 pm

any one gen get insurance to insure, anything, The question is , The risk factor the insurance assigns on your insurance contract, that will determine the premiums that you will have to pay.
In Thailand where there is a spectrum of building standards code enforcement, that varies from non existent to barely adequate, I believe it would be virtually impossible to determine with any degree of certainty the risk factor,
Thus if any such insurance exists, It would either have a very high premium, or very difficult claim requirements.
As it was mentioned by other, your best building insurance is to withhold payment until a project has being completed to your satisfactions, as agreed in your contract.
I talk to my self because I am the only one who will listen
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Re: Building insurance

Postby nick41 » Mon Apr 30, 2012 8:56 pm

pattayapope wrote:Sunpax, I don't think you can insure during the build but after completing it is a simple matter to get insurance on the property. Secrete is don't pay builder too much in advance and keep enough back so he completes to your satisfaction.


Yeah that sounds about right.
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