Insurance
More than 3,000 cars ‘drown’ in latest Bangkok flooding – insurance companies ordered to be “just”

PPTV revealed that more than 3000 cars were seriously damaged in the record breaking deluge and floods that hit Bangkok on Friday night.
Vehicles all over the city were abandoned or completely submerged in some underground car parks as torrential rain flooded the capital.
Losses are expected to cost insurance companies tens of millions of baht.
Now the overseer of the insurance companies wants standards to be followed in the claims procedure with a speedy and just resolution for affected people.
Dr Suthiphon Thaweechaikarn said that by yesterday claims had been received by 41 companies concerning 3,184 damaged vehicles.
Initial losses were put at 45 million baht but this is expected to rise as more claims are made.
Suthiphon’s department said that claims must be dealt with quickly, efficiently and fairly.
A graphic showed what he meant when it comes to flood damage in cars.
Guidelines exist for different levels of payments with A – flooding up to the start of the engine compartment incurring compensation in the region of 8,000 to 10,000 baht. This rises as the water level rises with 15-20,000 for when the upholstery is affected (B) to thirty thousand and above for water that reaches above the front console (D).
When the car is completely submerged different rules apply.
Suthiphon estimated that most claims fell into the A/B range.
Affected people can call 1186 for assistance in matters related to claims.
The story was reported by PPTV who omitted to explain or give any details regarding the taxi being hauled through the air in our picture this morning.
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