Chubb launches innovative insurance product for Condominium Dwellers in Thailand

Real Estate Press Releases Thursday October 25, 2018 18:42
Bangkok--25 Oct--Chubb

Chubb announced today that it had launched a comprehensive home contents insurance product for condominium dwellers in Thailand. Called Condo Shield, the product provides coverage for the condominium's contents with no deductible and compensation based on the actual damage value, not exceeding the total insurance coverage.

With policies starting from BHT1,200 annually, policy holders can benefit from several features* of Condo Shield:
  • Coverage of up to BHT2 million for fire and natural disaster damage
  • Up to BHT200,000 per instance for loss of or damage to assets resulting from theft, gang-robbery or larceny
  • Up to BHT1 million for third-party liability
  • Savings of between 15-30% if the policy is purchased for 3-5 years

According to Mr. Edward Kopp, Country President of Chubb Samaggi Insurance Public Company Limited, "With more Thais preferring to live in condominiums, this lifestyle change led us to develop a product which specifically targets their needs. Based on market research, apart from crafting a home contents product which meets the essential needs of condominium dwellers, Condo Shield has innovative benefits like compensation for computer systems recovery and temporary accommodation in the event the home is rendered uninhabitable in an emergency. Policy holders can be assured that Condo Shield will provide peace of mind should the unfortunate happen to their home."

For more information, consultation or insurance purchase, contact Chubb Samaggi Insurance's branches, agents or brokers or call 0 2611 4000.
*Product highlights are summaries only. Please see the actual policy for terms, conditions and exclusions.
About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally.

In Thailand, Chubb Samaggi Insurance Public Company Limited provides a comprehensive range of insurance solutions for individuals, small to medium-sized businesses, as well as multinational corporations.

As a key player in the local general insurance market, its product offerings include Accident & Health, Fire and Property, Motor and Specialty insurance products to retail clients. In addition, Chubb Samaggi provides Property, Casualty, Construction, Marine and Financial Lines insurance for corporate clients.

Chubb Samaggi offers its products and services through a multitude of distribution channels of which direct marketing is its forte. Other channels include banks, brokers, agent and a branch network nationwide.

The company's market leadership position is largely attributed to its strong partnerships with financial institutions as well as leading companies, the clients and employees of which benefit from tailored protection policies.

More information can be found at www.chubb.com/th

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