Can You Still Get Home Insurance After an Earthquake?
Following the recent earthquake, many houses and condominiums have developed cracks. People planning to renew or purchase home insurance may worry about being rejected.
However, there’s no need to worry. Some insurance companies still offer home and condo insurance, provided you submit additional documentation confirming the damage or impact from the earthquake on March 28, 2025, such as:
• Details of the damage reported to the insurer
• Clear photos of the damage (both exterior and interior of the building)
• Estimated value of the damage caused by the earthquake
• The insurer will assess based on the sum insured and determine earthquake coverage limits
What Does Home and Condo Insurance Cover?
Home insurance, condo insurance, flood insurance, and fire insurance are all part of property/fire insurance. These policies typically cover buildings, structures, contents, and third-party liabilities against various risks, including:
• Earthquake: Covers cracks and structural damage caused by vibrations
• Fire, lightning, explosion: Covers damage from fire and electrical systems, including firefighting costs
• Water damage: Leaks, burst pipes, flooding, storms
• Damage to furniture and electrical appliances
• Temporary accommodation expenses (for home insurance policies only)
Coverage may vary depending on each insurance plan.
How Much Does Home and Condo Insurance Cost?
Home insurance premiums typically start from around THB 806 per year for a sum insured of THB 500,000.
You can increase coverage—for example:
THB 1,000,000 coverage → approximately THB 1,612 per year (including taxes and duties)
You should select a sum insured that reflects the value of:
The building structure, Construction costs, Household contents
Home insurance is available in annual or 3-year plans.
For condos:
Coverage: THB 1,000,000
Premium: approximately THB 2,790 per year (including taxes and duties)
Is Home Insurance Expensive?
Many people think home or condo insurance is expensive, but in reality, premiums are only a few thousand baht per year.
Compared to the cost of repairing damage to your property, it is considered a worthwhile investment for long-term protection and peace of mind.