According to the Road Accident Victims Protections Acts B.E. 2535, it is compulsory for every road vehicle to have Compulsory Motor Insurance, covering territories within Thailand.
The Compulsory Motor Insurance protects any persons getting into accidents as a result of the use of a motor vehicle. The policy will indemnify Bht 50,000 per person for bodily injury or compensation and Bht 100,000 per person in event of death, dismemberment or permanent disability; however, the maximum limit shall not exceed Bht 100,000 per person and Bht 5,000,000 in aggregate per accident.
It is optional to have Voluntary Motor Insurance, on the top of the Compulsory Motor Insurance. Basically, the policy covers against Third Party Liability (in excess of maximum limit of Compulsory Motor Insurance only) in respect of bodily injury or compensation and property damage.
Besides the Third Party Liability coverage, the Insured has an option to buy different protection levels to protect physical damage against his motor vehicle through Comprehensive Voluntary Motor Insurance or restricted Fire & Theft Insurance.
Additionally, the policy is also extended to cover personal accident & medical expenses for driver and a number of passengers without any missing of bail bond.