THAIVY HOME PROTECT fire insurance for homes and condominiums

THAIVY HOME PROTECT home and condominium insurance: cover beyond fire

A house or condominium is worth more than its building alone. Inside are furniture, electrical appliances, kitchenware and belongings that would take years of savings to replace. If there is a fire, a plumbing leak, a windstorm, a flood, a burglary or an electrical short circuit, the damage may cost more than the owner has set aside.

THAIVY HOME PROTECT from Thaivivat Insurance Public Company Limited is insurance for houses and condominiums with a choice of sum insured from THB 1–5 million, covering the building and household contents, as well as natural disasters, burglary, electrical appliances, glass, third-party liability and temporary accommodation rent under the policy conditions.

For a house or condominium with a concrete structure, the premium including stamp duty and VAT starts at THB 1,400 per year.

Wondering whether to choose a sum insured of THB 1, 3 or 5 million? Send your building type, floor area and the approximate value of your belongings, and the Prakanthai.com team will check the plans with you before you decide.

Check home insurance plans with LINE Official @prakanthai or call +66 2 459 2223

THAIVY HOME PROTECT highlights

• Choose from 5 levels of main sum insured, from THB 1–5 million

• Covers the building (excluding foundations) and household contents for residential use

• Covers fire, lightning, explosion, vehicle impact, aircraft and water damage other than flood

• Extra peace of mind against flood, windstorm, hail, earthquake and other natural disasters, up to set limits

• Covers burglary, damage to electrical appliances, and glass

• Third-party liability if an incident at the insured home causes damage to others

• Temporary accommodation rent when a fire damages more than 50% of the home, subject to conditions

• Covers damage to an electric vehicle charger (EV Charger), subject to set conditions and limits

• Choose a cover period of 1, 3 or 5 years

What property does this insurance cover?

The main cover includes the building used as a residence (excluding foundations) and household contents, such as

• Furniture and fixed fittings

• Electrical appliances and equipment

• Kitchenware, clothing and household items

• The insured's household property as detailed in the policy

Base your sum insured on the cost of rebuilding the building and the value of its contents. Don't automatically use the house's sale price or the full land price as the sum insured, because the policy does not cover land value and claims may be settled on actual value.

Coverage table by plan

Important note: The original product information also shows a separate combined limit of THB 20,000 per year for windstorm, flood, earthquake and hail, alongside the separate additional limits in the table above.

Amounts in the table are in THB, and actual payments depend on the cause of the damage, the exclusions, the excess (deductible) and the policy conditions.

The main cover, simply explained

Fire, lightning and explosion

Covers damage to the building and contents from fire, lightning and explosion within the scope of the policy, as well as vehicle impact, aircraft and water damage other than flood.

Flood

Flood is covered up to the set limit, with a 7-day waiting period for first-time policies. Damage during the waiting period is not covered, so don't wait for a flood warning or for water to reach your area before taking out insurance.

Windstorm, hail and earthquake

Covers natural disaster damage up to the limits of the plan you choose. It suits homeowners who want a policy that covers more than basic fire, but read the definition of each peril and the combined and additional limits in the policy schedule carefully.

Burglary

Covers theft with signs of forced or violent entry to the insured premises under burglary form 2 conditions. It does not mean every loss of property is covered.

Electrical appliances and EV Charger

Covers damage to electrical machinery, equipment and appliances up to each plan's limit. There is also cover for an electric vehicle charger against overloading, overvoltage or short circuit, up to THB 20,000 in total over the period of insurance, subject to conditions.

Third-party liability

If an incident at the insured premises causes damage to a third party, such as a fire spreading from your house to the house next door, the policy has a liability limit of THB 100,000–500,000 depending on the plan. This must be legal liability and is subject to the policy conditions.

Temporary accommodation rent

If more than 50% of your home is damaged by fire and it cannot be lived in, temporary accommodation rent is paid as follows

• Concrete house: up to THB 1,000 per day, up to THB 100,000 in total over the period of insurance

• Half-concrete, half-timber house: up to THB 500 per day, up to THB 50,000 in total over the period of insurance

Home and condominium premiums

House or condominium with a concrete structure

Half-concrete, half-timber house

The premiums above include stamp duty and VAT, according to the product information published at the time of checking. Buyers should ask for a quote and check the latest conditions before paying the premium.

How to choose the right plan for your home

1. Estimate the cost of rebuilding the building, excluding land value

2. Add up the value of your household contents, such as furniture, electrical appliances and essentials

3. Consider the risks specific to your area, such as flood, windstorm, a home near water, or a home with an EV charger

4. Look at the liability limit for your neighbours, especially in housing estates, townhomes and condominiums, where damage may spread to the unit or house next door

5. Check any existing policy or insurance tied to your home loan so you don't buy duplicate cover unnecessarily, and see whether the existing policy covers only the building or already includes contents

Home insurance tied to a loan is usually arranged mainly to protect the bank's collateral. Details on contents, burglary, electrical appliances or third-party liability may differ, so compare the policy schedules rather than judging by the product name alone.

Who is THAIVY HOME PROTECT for?

• Owners of detached houses, semi-detached houses, townhomes or condominiums used as residences

• Homeowners who want cover for both the building and its contents

• Homes with many electrical appliances or an EV Charger

• People worried about the risk of flood, windstorm, hail or earthquake

• Homeowners who want a liability limit for neighbouring homes

• People who want long-term cover of 3 or 5 years

Key conditions to know before you buy

• Only 1 policy per insured property

• Insured premises left unoccupied for more than 60 consecutive days are not covered

• Flood has a 7-day waiting period for first-time policies

• The building's foundations are not covered unless the policy documents state otherwise

• Some types of property are not covered, such as money, gold, jewellery, wristwatches, antiques and important documents

• Burglary must meet the burglary form 2 conditions; not every loss is covered

• Underwriting and claim payments are subject to the details and exclusions in the policy and to proof of damage

Documents and information to prepare

• The insured's full name and contact details

• The full address of the insured property

• Building type, such as concrete house, condominium or half-concrete, half-timber house

• How the property is occupied, and whether someone lives there regularly

• The value of the building excluding land, and the approximate value of the contents

• Photos of the building or further information, if the insurer asks

What to do when something happens

1. Contain the incident as far as you can without risking your life, and call the emergency services when needed

2. Notify the insurer or Prakanthai.com as soon as possible

3. Take photos and videos of the damage, its cause and the surrounding area before moving anything

4. Keep damaged property for inspection, and avoid throwing it away or making permanent repairs before the insurer approves, unless necessary to prevent further damage

5. Prepare a list of the property, proof of purchase, repair quotes, official reports or other documents depending on the incident

Frequently asked questions

Does THAIVY HOME PROTECT cover condominiums?

Yes, it covers houses and condominiums used as residences, subject to the underwriting conditions. Check whether the sum insured is enough to cover the fit-out and contents of the unit that the owner is responsible for.

Does this insurance cover flood?

Yes, flood is covered up to THB 100,000 according to the product information, with a 7-day waiting period for first-time policies, subject to the policy terms.

Are leaks from the unit above or burst pipes covered?

The policy includes water damage (excluding flood) in the main cover, but whether a claim is paid depends on the cause, the definitions and the exclusions, such as wear and tear, continuous seepage or lack of maintenance. Send the details of the incident to be checked before drawing conclusions about cover.

Can I claim for anything lost from my home?

No. Burglary cover is burglary form 2, which has conditions, such as signs of forced or violent entry to the premises, and some types of property are excluded.

Are electrical appliances damaged by brownouts or power surges covered?

There is cover for damage to electrical equipment and appliances up to each plan's limit, but the cause and policy conditions have to be checked. Wear and tear or breakdown from normal use is not covered.

How much is an EV Charger covered for?

It covers damage from overloading, overvoltage or short circuit, with a total limit of THB 20,000 over the period of insurance, subject to the product conditions.

Is a home covered if it is left empty for a long time?

This product does not cover insured premises left unoccupied for more than 60 consecutive days. If it is a holiday home, a house waiting to be sold or an empty unit, give the true details and ask for advice before you buy.

Should the sum insured equal the purchase price of the house?

It doesn't need to equal the sale price, because the price of a house includes the land value, which is not covered. Base it on the cost of rebuilding the building and the value of the contents you want covered.

Get advice and check plans before you buy

The right sum insured for your home isn't decided by the premium alone; you also need to look at the construction value, contents, type of building, local risks and any existing insurance.

Prakanthai.com helps check your details, compares limits, explains exclusions before you buy and helps coordinate when something happens.

Check THAIVY HOME PROTECT plans on LINE Official @prakanthai

Call +66 2 459 2223 or leave your details for our team to call you back

Thaivivat Insurance Public Company Limited is the insurer. Underwriting and claim payments are subject to the conditions and exclusions in the policy. Buyers should study the details before deciding to buy insurance.