Before renewal, update property use, occupancy, renovations, insured values, contents, claims, flood exposure, liability and lender or building requirements. Compare the schedule, wording, exclusions, deductibles and limits rather than renewing automatically.
Which facts should be updated?
- occupancy and rental use;
- renovations and equipment;
- insured values;
- claims and damage history;
- vacancy or construction periods.
Which policy terms should be compared?
- insured property;
- flood and water damage;
- liability;
- deductibles and limits;
- notification and claim procedures.
Compare renewal decisions with the separate property insurance claim checklist and landlord insurance checklist, and revisit flooding and monsoon season exposure each year rather than accepting the same flood terms automatically.
Continue through Owners, Learn and the directory.
Review the policy before renewal.
Keep the updated schedule and disclosure record together.
Find insurance supportFrequently asked questions
Should renewal use last year's values?
Not automatically. Review current property, contents, use and replacement information.
Should claims and renovations be disclosed?
Provide accurate information requested by the insurer or intermediary.
Is building insurance enough for a condo owner?
Not necessarily. Compare common-property cover with unit improvements, contents and liability needs.
Sources & References
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.
