A landlord should not assume the condominium building policy or a basic home policy covers rental use. Confirm the insured building interest, owner contents, tenant damage, liability, flood, vacancy, alternative accommodation and loss-of-rent terms in writing before leasing the property.
What does the building policy cover?
- insured structure and common property;
- owner improvements;
- deductibles;
- flood and water damage;
- claim reporting.
What should the landlord insure separately?
- furniture and appliances;
- unit improvements;
- public and occupier liability;
- loss of rent where available;
- temporary accommodation.
Which rental facts must be disclosed?
- tenant occupancy;
- vacancy periods;
- short-term rental use;
- renovation work;
- commercial or mixed use.
What should the lease address?
- tenant responsibilities;
- damage reporting;
- insurance evidence where agreed;
- access after loss;
- deposit and claim coordination.
Which records should be retained?
- policy wording and schedule;
- inventory and photographs;
- lease;
- maintenance records;
- claim correspondence.
Where should you continue your research?
Compare the building and landlord policies.
Map every exposure to the actual written cover.
Find insurance supportFrequently asked questions
Does a condo building policy cover a landlord's contents?
Not automatically. Confirm the exact unit, contents and liability limits in writing.
Is flood always included?
No. Flood may be limited, separately endorsed or excluded.
Should rental use be disclosed?
Yes. Occupancy and rental use can affect underwriting and claims.
Sources & References
- Office of Insurance Commission
- Thai General Insurance Association
- Office of the Consumer Protection Board
Primary and official sources are cited above. Government rules, fees and procedures in Thailand change over time and vary by office; always confirm current requirements with the relevant authority before relying on them. BAANLYY never takes paid placement in editorial content.
