How Much Does Property Insurance Cost in Thailand and When Is It Really Necessary?
In Thailand, property insurance can cost from THB 600 to THB 20,000 per year, depending on the risks covered and the insured amount. It protects against fire, leaks, theft, storms, and even liability to neighbors. For a condo, a policy will be cheaper than for a villa. You can arrange it through an insurance company or via a bank. If you rent out your property, live remotely, or simply don’t want to deal with problems from another country, insurance can make life much easier.
What Property Insurance Covers
Most insurance companies in Thailand offer a standard list of risks:
You can also insure furniture, appliances, interior finishes, and for villas — landscaping, swimming pools, and outbuildings.
- Fire, short circuit, explosion
- Leaks, water damage after heavy rain
- Break-ins, theft, vandalism
- Natural disasters: heavy rains, floods, earthquakes
- Liability to neighbors (e.g., in case of flooding)
You can also insure furniture, appliances, interior finishes, and for villas — landscaping, swimming pools, and outbuildings.
Cost of Property Insurance in Thailand
Prices vary greatly depending on coverage and insured amount:
Other factors affecting price: property size, type (villa or condo), year of construction, security, floor level, and even the neighborhood.
- Basic insurance (e.g., fire only): from THB 600/year
- Policy covering 3–5 risks: THB 2,000–5,000/year
- Full coverage (all risks + payouts up to THB 2M): THB 8,000–12,000/year
- Maximum package (up to THB 10M): about THB 20,000/year
Other factors affecting price: property size, type (villa or condo), year of construction, security, floor level, and even the neighborhood.
Condo vs. Villa Insurance: What’s the Difference?
Insuring a villa is more expensive than a condo. Villas have more potential risks: soil damage, independent water supply systems, separate electrical systems, and open land areas.
- Condo insurance in Pattaya: THB 1,000–3,000/year
- Villa insurance in Phuket: from THB 10,000/year
Trusted Insurance Companies in Thailand
Reliable companies offering property coverage include:
Some banks — such as Bangkok Bank — also offer policies, which can be convenient if you already have an account or mortgage with them.
- Allianz Ayudhya
- AXA Thailand
- MSIG Insurance
- Bangkok Insurance
- AIG Thailand
- Muang Thai Insurance
Some banks — such as Bangkok Bank — also offer policies, which can be convenient if you already have an account or mortgage with them.
When Insurance Is Really Necessary
Insurance is optional but almost essential if:
In these cases, a policy costing THB 5,000–10,000 is negligible compared to potential expenses.
- You rent out your property (especially short-term)
- The villa is in a flood-prone area
- The property is in an old building
- You have expensive furniture and appliances
- You don’t live in Thailand year-round
In these cases, a policy costing THB 5,000–10,000 is negligible compared to potential expenses.
🎁 Free Insurance When You Buy with ATHOME
If you purchase property through ATHOME, we’ll arrange full coverage insurance for free.
This includes a complete policy covering all major risks, with coverage up to THB 10,000,000. All documents are issued officially through our partners.
This includes a complete policy covering all major risks, with coverage up to THB 10,000,000. All documents are issued officially through our partners.
FAQ
Do I have to insure property in Thailand?
No, but it’s highly recommended — especially if you rent it out or live abroad.
Can I get a policy online?
Yes. Some companies allow you to submit documents and pay online — the policy is emailed to you. We can also help with the process.
Which policy should I choose: basic or extended?
For a condo you rarely visit, basic coverage may be enough. For villas or rental properties, extended coverage is better.
If I rent out my condo, who buys the insurance?
Usually, the owner insures the property. But you can include in the contract that the tenant insures it — especially for long-term rentals.
What’s included in the ATHOME gift?
A full policy covering all key risks, issued in your name with an official contract — all handled by us.
No, but it’s highly recommended — especially if you rent it out or live abroad.
Can I get a policy online?
Yes. Some companies allow you to submit documents and pay online — the policy is emailed to you. We can also help with the process.
Which policy should I choose: basic or extended?
For a condo you rarely visit, basic coverage may be enough. For villas or rental properties, extended coverage is better.
If I rent out my condo, who buys the insurance?
Usually, the owner insures the property. But you can include in the contract that the tenant insures it — especially for long-term rentals.
What’s included in the ATHOME gift?
A full policy covering all key risks, issued in your name with an official contract — all handled by us.
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