Rak Baan home insurance with flood cover, BKI, from THB 806 per year
- Updated: 15 October 2026
Rak Baan home insurance with flood cover, BKI, from THB 806 per year
Premium data as of 15 October 2026 · compiled by Prakanthai.com
Underwritten by Bangkok Insurance Public Company Limited
Premium from THB 806 per year at a sum insured of THB 500,000, including stamp duty and tax
Highlight: Rak Baan home insurance with extra flood cover of up to 20% of the sum insured, new-for-old compensation, available for 1–10 years
Last year water came into the house knee-high, the floor swelled, and the fridge and washing machine were ruined. The repairs came to tens of thousands of baht, but the existing home insurance paid only around ten thousand baht for the flood.
Bangkok Insurance's Rak Baan home insurance with flood cover: how much extra flood cover does it add, how does the premium differ from the standard version, and how does the excess work?
Rak Baan home insurance with flood cover: who is it for and how much is the premium?
In short: Bangkok Insurance's Rak Baan home insurance with flood cover suits owners of class 1 construction in flood-prone areas. It covers the house and its contents against fire and the main perils up to the sum insured, plus flood losses above THB 20,000 for up to a further 20% of the sum insured, with an excess of 5% or a minimum of THB 5,000. Premiums start at THB 806 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 with flood cover include?
| 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 |
| Flood, for the part above the THB 20,000 limit | Up to 20% of the sum insured, with an excess (deductible) of 5% or a minimum of THB 5,000 |
| Windstorm, hail, earthquake, riot, strike and malicious acts, for the part above THB 20,000 | Up to 30% of the sum insured per peril |
| Damage to electrical appliances | THB 20,000 or 5% of the sum insured, whichever is greater |
| Rent for alternative accommodation during repairs (from the main perils) | Up to THB 1,000 per day, THB 30,000–120,000 in total |
| 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 |
Covers the building, extensions, foundations, electrical and plumbing systems, and the contents. Paid new-for-old with no deduction for depreciation. Property added later is covered automatically up to 10% of the sum insured.
Rak Baan home insurance with flood cover: 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 | 806 | 2,015 / 2,812 |
| 1,000,000 | 1,612 | 4,029 / 5,624 |
| 2,000,000 | 3,223 | 8,058 / 11,248 |
| 3,000,000 | 4,835 | 12,086 / 16,872 |
| 5,000,000 | 8,058 | 20,143 / 28,120 |
| 8,000,000 | 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: is adding flood cover worth it at a sum insured of THB 2,000,000?
- Rak Baan with flood cover, sum insured THB 2,000,000: premium THB 3,223 per year
- Standard Rak Baan, same sum insured: premium THB 2,579 per year. The difference is 3,223 − 2,579 = THB 644 per year
- The standard version pays at most THB 20,000 for flood and all natural perils combined. This version adds up to a further 2,000,000 × 20% = THB 400,000 above that.
- The added part has an excess (deductible) of 5% or a minimum of THB 5,000, whichever is greater
This example is for illustration only. The calculation of the excess and the amount actually paid follow the policy conditions and the damage survey.
Who is Rak Baan home insurance with flood cover for?
- Homeowners in areas that have flooded before or where water stands high in the rainy season
- People with a lot of electrical appliances and furniture on the ground floor
- People who want new-for-old fire cover and a higher flood limit than the standard version
- People who want to pay once for several years of cover
Who should not buy this plan yet?
- Houses on high ground that have never flooded: the standard version has a lower premium, see Rak Baan home insurance, standard version
- Houses that are not class 1 construction, such as timber houses or half-brick, half-timber houses
- Houses in hazardous zones or certain areas that the insurer reserves the right not to accept
- Condominium owners: see Bangkok Insurance condominium insurance
- People who expect flood to be paid up to the full sum insured: the extra flood limit is at most 20% of the sum insured
Limits to check before you decide
- The extra flood cover is at most 20% of the sum insured and applies to damage above the THB 20,000 natural-peril limit
- The flood excess is 5% or a minimum of THB 5,000, whichever is greater
- Only class 1 construction under the tariff is accepted, with a maximum total sum insured of THB 30 million
- Rent for alternative accommodation is paid only for damage from the main perils, such as fire, and not for flood
- Several sub-limits apply, such as electrical appliances at THB 20,000 or 5% of the sum insured, and antiques at THB 30,000
Before you report a flood claim, read the basic guidance in Flood-damaged car: can you claim on your insurance? How to file a claim. The principles for collecting evidence of damage apply to houses too.
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
- The building materials, and the flood history of the area (if any)
- The number of years you want to take out (1–10 years)
Our team will help estimate the sum insured and check whether the area can be 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 does this version differ from the standard Rak Baan?
This version adds flood cover for the part above THB 20,000, up to a further 20% of the sum insured. The premium is higher than the standard version: for example, at a sum insured of THB 1,000,000 it is THB 1,612 against THB 1,290 for the standard version.
If the flood damage is small, do I have to pay the excess?
The excess of 5% or a minimum of THB 5,000 is stated for the extra flood cover. The actual calculation follows the policy conditions.
My house is in a village that has flooded before. Can it be insured?
The insurer reserves the right not to accept certain areas. Send us the address and the flood history, and our team will check with the insurer before issuing a quote.
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.
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, flood cover version, 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.