Compulsory car insurance provides coverage for third party involved in a car accident. Compulsory car insurance ensures that the company will pay to third party in case of loss of life and bodily injuries.
All vehicles are required to have a compulsory insurance policy by the law, and must be renewed every year before paying the annual car tax.
Compulsory car insurance coverage
- Medical Expenses = up to ฿ 80,000 per person
- Loss of Vital Organ = ฿ 200,000-300,000
- Death and Permanent Disability = ฿ 500,000 per person
- Daily Compensation (up to 20 days) = ฿ 200 baht