Home fire insurance 599 (micro-insurance)

Home insurance for THB 599 per year: modest cover that helps your family get back on its feet when something happens

A home can take decades to pay off, but a fire, flood, storm or break-in can cause damage in just a few minutes

So the question is not just “will these things happen?” but, if they do, do we have enough set aside to repair the house, replace damaged belongings or find somewhere to stay for a while?

Home fire insurance 599 (micro-insurance) is low-cost home insurance with a premium of THB 599 per year, designed as basic cover for private homes. It covers fire, natural perils, theft and accidents, up to the set limits

Its main advantage is that you can buy it online through a system linked directly to Bangkok Insurance Public Company Limited. Once your details are correct, the premium is paid in full and you meet the underwriting conditions, the system can quickly issue an electronic policy, or e‑Policy, with no waiting for paper documents. Cover starts on the date and time stated in the policy

What does the THB 599 home insurance cover?

1. Fire, lightning and explosion

Covers damage to the building and the contents of the home; the limit depends on the type of building

The building type you choose must match the actual house, because it affects the limit of cover and how claims are assessed

2. Natural perils

Covers damage from the following natural perils

• Windstorm
• Flood
• Earthquake or volcanic eruption
• Tidal wave or tsunami
• Hail

All the natural perils above share a limit of up to THB 10,000 per year combined

This limit is basic cover, not a limit for repairing a home at full value. If your home is in a flood-risk area or you have high-value belongings, consider additional home insurance with a higher natural-perils limit

3. Temporary accommodation rent

If your home is damaged by fire, lightning or explosion and you have to stay somewhere else for a while, the policy covers the rent actually paid, up to

THB 300 per day, for up to 30 days over the period of insurance

The insured should keep receipts or proof of rent paid to support the claim

4. Burglary with signs of forced entry

Covers theft with visible signs of forced entry, as well as robbery, including

• Damage to insured property inside the home
• Damage to the building in which the insured property is kept

Maximum limit of liability up to THB 10,000

Loss with no sign of forced entry may not be covered, so read the policy details and exclusions before you decide

5. Personal accident for the insured

If the insured dies, loses a hand, foot or sight, or suffers total permanent disability in an accident, the policy pays, subject to its conditions, up to THB 100,000

Advantages of buying online

You no longer have to wait days for paperwork to get home insurance. This channel takes you straight into Bangkok Insurance's system, cutting steps and errors in passing on your details

Once you have filled in all your details, paid the premium and met the underwriting conditions, you receive an e‑Policy to keep and to check your cover details. The start date and time of cover are those stated in the policy

Who is the THB 599 home insurance for?

This plan suits people who

• Want to start home fire insurance on a modest budget
• Have a concrete or half-masonry, half-timber house that they live in
• Want basic cover against fire, natural perils and theft
• Want to buy home insurance online and get an e‑Policy quickly
• Want some initial financial help to get back on their feet when the unexpected happens

Important things to know before you buy

Home fire insurance 599 is micro-insurance, so think of it as “starter cover”, not full-value home insurance for a house and belongings worth several million baht

Key conditions include

• Individuals only, not legal entities
• For residential homes only, not offices, shops, business premises or rental houses
• Period of cover: 1 year
• No more than 1 policy per insured location
• Locations in danger zones announced by the OIC (Office of Insurance Commission), or in areas specified by the insurer, are not accepted
• The building type and location details must be declared truthfully
• Claims are paid according to the actual loss and the conditions and limits stated in the policy
• Read the cover details, exclusions and underwriting conditions before you pay

Buy the THB 599 home insurance online

If you have checked that your home meets the conditions, you can fill in your details, pay the premium and get your e‑Policy directly through the system of Bangkok Insurance Public Company Limited

Buy the THB 599 home insurance and get your e‑Policy online

Prakanthai.com is here to advise you before you decide, and to help when you have questions about your cover or a claim

Note: Buyers should always read the coverage details and conditions carefully before deciding to buy insurance. The insurer is Bangkok Insurance Public Company Limited. Cover starts on the date and time stated in the electronic policy

Frequently asked questions

Does the THB 599 home insurance cover flooding?

Flood is covered, within the overall natural-perils limit of up to THB 10,000 per year, subject to the policy conditions

Does cover start as soon as I buy?

Once your details are correct, the premium is paid in full and you meet the underwriting conditions, the system can issue the e‑Policy quickly. Always check the start date and time of cover stated in the policy

Does the THB 599 premium include tax and stamp duty?

The THB 599 premium includes tax and stamp duty, according to the insurer's product details

Can I buy it for a house that is also a shop?

This plan covers only places used as homes, not offices, shops, business premises or rental houses

If my home is worth several million baht, is this plan enough?

Generally it may not be, because this plan's limits are basic cover. Homeowners should estimate the rebuild cost and the value of their contents, then consider raising the limit with full-value fire or home insurance