Owners of 3,184 vehicles have made insurance claims totalling about 45.6 million baht for damage caused by flooding in Bangkok over the past week, according to the Office of the Insurance Commission (OIC).
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Thousands of insurance claims for vehicle flood damage
Online reporters
Owners of 3,184 vehicles have made insurance claims totalling about 45.6 million baht for damage caused by flooding in Bangkok over the past week, according to the Office of the Insurance Commission (OIC).
OIC secretary-general Suthipol Taweechaikarn said the claims were filed under policies bought from 41 general insurance companies. The data was as of 9.30am Wednesday.
Around 70% of the claims were for flood damage to floors with repair costs estimated at 8,000 to 10,000 baht per vehicle, and seats (15,000-20,000 baht). The OIC estimates the cost of repairs to vehicles with flood-damaged lower consoles at 25,000-30,000 baht, and more than 30,000 baht for deeper immersion.
In the case of vehicles which had been totally submerged, insurers would pay out the full insured sum.
Thai media reported that Viriyah Insurance was hardest hit by the flooding on Friday and Saturday, with owners of 1,140 vehicles filing damage claims.
Mr Suthipol said payment would be made to holders of first-class insurance and to those who bought lower class policies but also paid the premium for flood damage cover.
He said the OIC was coordinating with insurance companies to speed up payments. Those who did not buy flood protection should refer to the OIC's median prices list when they get their vehicles repaired.
