Bangkok Insurance Rak Baan home insurance, 1–10 years, from THB 646
- Updated: 15 October 2026
Bangkok Insurance Rak Baan home insurance, 1–10 years, from THB 646
Premium data as of 15 October 2026 · compiled by Prakanthai.com
Underwritten by Bangkok Insurance Public Company Limited
Premium from THB 646 per year at a sum insured of THB 500,000, including stamp duty and tax
Highlight: home insurance that pays new-for-old with no deduction for depreciation, available for 1–10 years, with rent for alternative accommodation during repairs of up to THB 120,000
You have been paying off a detached house for years. The fire insurance the bank arranged covers only the building. Nobody covers the furniture, the electrical appliances and everything else you keep buying for the house.
Bangkok Insurance's Rak Baan fire insurance covers both the house and the contents. What are the premiums for one year and for multi-year policies, and how much does it pay for flood?
Bangkok Insurance Rak Baan home insurance: who is it for and how much does it cost?
In short: Bangkok Insurance's Rak Baan home insurance suits owners of houses built of fire-resistant materials (class 1 construction) who want to cover both the house and its contents against fire, lightning, explosion, water damage, windstorm, earthquake and burglary involving forced entry to the building. Compensation is new-for-old with no deduction for depreciation, and you can choose 1–10 years. Premiums start at THB 646 per year at a sum insured of THB 500,000 (data as at 15 Oct 2026). The actual premium depends on the sum insured and the number of years.
What does Rak Baan home insurance cover?
| Coverage | Limit |
|---|---|
| Fire, lightning, explosion, vehicle impact, aircraft, water damage other than flood | Actual loss, up to the sum insured |
| Windstorm, flood, hail, earthquake: all perils combined | Up to THB 20,000 per year |
| Special extension: windstorm, hail, earthquake, and riot, strike and malicious acts | Up to 30% of the sum insured per peril (for the part above the THB 20,000 limit) |
| Damage to electrical appliances | THB 20,000 or 5% of the sum insured, whichever is greater |
| Rent for alternative accommodation during repairs (from the perils in the first row) | Up to THB 1,000 per day, THB 30,000–120,000 in total, depending on the level of damage |
| Repairs to the building caused by burglary (excluding fences) | THB 50,000 per year |
| Antiques or works of art / cash | THB 30,000 / 20,000 per year |
| Demolition and debris removal costs / architects' and engineers' fees | Up to 10% of the sum insured for each |
| Increase in the value of property from inflation | Up to 10% of the value of the damaged property |
Covers the building, garage, outbuildings, walls, fences, extensions, foundations, and electrical and plumbing systems, as well as furniture, electrical appliances and household property. Property added later is covered automatically up to 10% of the sum insured.
Rak Baan home insurance: how much is the premium?
Premium including stamp duty and tax. Data as at 15 October 2026
| Sum insured (THB) | 1-year policy | 3-year / 5-year policy (single payment) |
|---|---|---|
| 500,000 | 646 | 1,612 / 2,251 |
| 1,000,000 | 1,290 | 3,223 / 4,500 |
| 2,000,000 | 2,579 | 6,446 / 8,999 |
| 3,000,000 | 3,869 | 9,669 / 13,499 |
| 5,000,000 | 6,446 | 16,115 / 22,496 |
| 10,000,000 | 12,892 | 32,229 / 44,992 |
The full table runs up to a sum insured of THB 10,000,000 and a period of up to 10 years. The insurer accepts a maximum sum insured of THB 30 million. The actual premium depends on the sum insured, the number of years, the type of building, the location and the insurer's underwriting decision. The quote is what counts.
Worked example: a detached house of 120 sq m. What sum insured should you choose?
- The house (excluding foundations), using the mid-range appraised value of THB 10,000 per sq m × 120 = THB 1,200,000
- Foundations, about 25% of the house = THB 300,000
- Contents, about 40% of the house = THB 480,000. Total 1,200,000 + 300,000 + 480,000 = THB 1,980,000, rounded to a sum insured of THB 2,000,000
- 1 year costs THB 2,579. A 3-year policy costs THB 6,446, which is THB 1,291 less than paying annually three times (2,579 × 3 = 7,737)
This example is for illustration only. The appraised value ranges come from the insurer's documents (house THB 8,000–12,000 per sq m, foundations 20–30%, contents 30–50%) and can be adjusted to the actual property.
Who is Rak Baan home insurance for?
- Owners of detached houses or townhouses built of fire-resistant materials who also want their belongings covered
- People who want claims paid at new replacement value, with no deduction for depreciation
- People who want to pay once for several years of cover
- Families who would need temporary accommodation if the house were damaged by fire
Who should not buy this plan yet?
- Houses in areas that flood often: all natural perils combined pay at most THB 20,000 per year, and the special 30% extension does not include flood
- Houses that are not class 1 construction, such as timber houses or half-brick, half-timber houses
- Houses in hazardous zones under the fire insurance premium tariff: the insurer reserves the right not to accept them
- Condominium owners: see Bangkok Insurance condominium insurance instead
- People who want to compare a plan with a higher natural-peril limit: see Chubb Easy Home insurance as well
Limits to check before you decide
- Flood is covered up to THB 20,000 per year, counted in the same limit as windstorm, hail and earthquake
- The special extension of 30% of the sum insured applies to windstorm, hail, earthquake, riot and malicious acts, and does not include flood
- Only class 1 construction under the tariff is accepted, with a maximum total sum insured of THB 30 million
- Several sub-limits apply, such as antiques at THB 30,000, cash at THB 20,000 and ornamental trees at THB 1,000 per tree, up to THB 10,000 in total
- Rent for alternative accommodation is paid only for damage from the main perils, such as fire, and not for natural perils
What do I need to send to find out the actual premium for this house?
Send just 3 things
- The address and type of house, with the approximate usable floor area
- Building materials, such as brick or concrete
- The number of years you want to take out (1–10 years)
Our team will help estimate a suitable sum insured, then send you a written quote within a business day. If a plan is good value, we will tell you straight. If the conditions differ, we will explain the differences before you pay.
LINE Official: @prakanthai · Tel. +66 2 459 2223
Frequently asked questions
How much do you get if your house floods?
Flood falls within the combined natural-peril limit of up to THB 20,000 per year, and is not part of the special extension of 30% of the sum insured
What does new-for-old compensation mean?
The insurer pays the current value of the property with no deduction for depreciation, within the sum insured and the limits that apply.
If I buy a new air conditioner after taking out the policy, is it covered?
Property added or changed afterwards is covered automatically up to 10% of the sum insured. If you add more than that, you should ask for the sum insured to be adjusted.
If I make a claim once, does the sum insured go down?
If the first loss is no more than 5% of the sum insured, the insured keeps the same sum insured.
How is a multi-year policy better than an annual one?
You pay once, at a price lower than the annual premiums added together. For example, with a sum insured of THB 1,000,000, 3 years costs THB 3,223, against 1,290 × 3 = THB 3,870 paid annually.
Who approves claims: Prakanthai.com or Bangkok Insurance?
Underwriting and claim payments are decided by Bangkok Insurance. As the broker, Prakanthai.com helps coordinate and follows up for you.
Notes
The coverage and premium information on this page is based on the product information for residential fire insurance, Rak Baan programme, from Bangkok Insurance Public Company Limited as at 15 October 2026. It is general information and not part of the insurance contract. Premiums and conditions may change as announced by the insurer. Underwriting and claim payments are decided by the insurer. Prakanthai.com is a non-life insurance broker, not an insurer, licence no. 5104000004, providing services since 2004. Please read the policy and the quote in full before deciding.